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Payment service provider Due completed a $3.3 million seed round financing, led by Semantic and Fabric Ventures.

BlockBeats reported on November 7th that payment service provider Due has completed a $3.3 million seed round of financing, with Semantic and Fabric Ventures jointly leading the investment and BlockTower, Speedinvest, Polymorphic Capital, and Discovery Ventures participating. This round of financing will be used to further develop Due's technology and expand its fiat currency connections to more markets. According to reports, Due was founded in 2022 and is currently building a platform that connects domestic payment channels using open and interoperable blockchain protocols. Due is set to launch in November 2023 and is currently targeting the United States, Europe, the United Kingdom, and sub-Saharan Africa, with plans to expand to Latin America and the Asia-Pacific region in the first quarter of next year.

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Payment service provider Due completed a $3.3 million seed round financing, led by Semantic and Fabric Ventures.

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