Sling Money
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Sling Money - overview
Established
2022
Location
Amsterdam, -, Netherlands
Primary Industry
Financial Services
About
Founded in 2022 by Mike Hudack, and based in Amsterdam, Netherlands, Avian Labs Netherlands B. V. , trading under the name Sling Money, operates as a financial technology company that offers a mobile application that facilitates cross-border financial transactions. In August 2024, Sling Money raised USD 15 million in Series A funding led by Union Square Ventures, with participation from Ribbit Capital and Slow Ventures.
The firm develops and offers mobile apps that allow instant transfers using Pax Dollar (USDP), a US dollar-backed stablecoin regulated by the New York State Department of Financial Services. Users can add money to their Sling Wallet by connecting a bank account, debit card, or mobile money account, and the funds are converted to USDP. The app facilitates easy transfers by allowing users to send money using the recipient's name instead of traditional banking details, with the transferred funds instantly available for conversion to local currency. The company intends to use the August 2024 funding to expand its operations and development efforts.
Current Investors
Union Square Ventures, Slow, Ribbit Capital
Primary Industry
Financial Services
Sub Industries
e-Financial
Website
www.sling.money/
Verticals
Blockchain, FinTech, Mobile Apps
Company Stage
Series A
Total Amount Raised
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