Eligma gets €4m investment from Bitcoin.com and Pangea Blockchain Fund
Slovenian blockchain and AI company Eligma has revealed it received a €4 million investment from Swiss investment firm Pangea Blockchain Fund and Bitcoin.com.
One-year-old Eligma, who developed Elipay for traditional vendors to receive crypto payments, hopes to make cryptocurrencies part of daily life and shopping.
Currently Elipay serves 20,000 users on the Elipay app, and four million users on the Bitcoin.com Wallet.
“This is an important recognition for our vision and a strong incentive to work even harder to become global facilitators of seamless and secure crypto payments,” says a spokesperson for Eligma.
The crypto company now wants to span its reach further afield, beyond its current markets in Slovenia and Croatia. The company says it’s already officially launched in 430 areas of these countries, including shops, hotels, restaurants and sports offices.
Eligma’s CEO Dejan Roljic says: “We’re here for the people. We are changing finance and payments so everyone can win. We strongly believe in building solutions where cryptocurrencies meet cash. Where merchants can set prices in their local currency as they always have, while enabling direct crypto payments to their customers and getting paid in their preferred currency. Everyone gets the best of both worlds.”
In February 2019, the crypto firm secured $22 million out of a seed round from investors such as Switzerland-based Copernicus Asset Management and Bitcoin.com’s executive chairman, Roger Ver.