Centbee raises $1m in a pre-series A funding round

By Leandra Monteiro

The blockchain payments company, Centbee, announced that it has closed its pre-Series A round with entrepreneur Calvin Ayre, founder of Ayre Ventures. Ayre Ventures first invested in Centbee in 2019.

Centbee, Co-CEO, Lorien Gamaroff, said, “We have the right vision, products and team to drive exponential growth for our investors. Consumers around the world are looking for better, easier ways to pay, and our blockchain-based payment wallet does just that. Our latest feature, ChatPay, makes it easy to send money via an in-wallet chat application.”

Speaking on the new raise, Calvin Ayre, founder of Ayre Ventures said, “My faith in Centbee has been rewarded through Angus and Lorien’s ongoing commitment to making Bitcoin – the original protocol in the form of BSV – easily usable and accessible to everyone. Unlike other blockchains, BSV is focused on utility, not speculation, and Centbee is working hard to further Bitcoin’s adoption as a true peer-to-peer electronic cash system.”

“Centbee has a suite of digital cash products and services that make payments easy, even cross-border,” said Angus Brown, Co-CEO. “Our cross-border remittance service, Minit Money, enables people to move money simply and cheaply across borders to support family and friends and has already processed over 35 000 remittances into Africa. The investment by Ayre Group will be used for scaling and growth as well as strengthening technical and operating capacity.”