Bloomberg Law
Feb. 1, 2023, 2:12 PM

Digital Wallet Startup Cenoa Gets $7m Seed Fund Led by Quiet (1)

Ercan Ersoy
Ercan Ersoy
Bloomberg News

Cenoa got funding from Quiet Capital, Underscore.VC, Human Capital, Ulu Ventures, Acrew Capital and Collective Spark, founders Seckin Caglin and Emre Ertan say in video-conference interview.

  • Cenoa, based in Singapore, offers services in 35 countries through an app giving access to dollar-based products in emerging markets
    • Pledges users a fee-free annual 8% yield on dollar base
  • Proceeds will be used to expand beyond core product and to new markets in Latin America, Africa, Southeast Asia and Europe
    • Aims to add US dollar-based debit cards and instant money transfer in next 18 months; new staff to ...

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