Homegrown fintech company Paytaca, Inc. just hit a major milestone as it secures more than 7.5 million pesos in equity-free pre-seed fund through a decentralized crowdfunding platform.
Paytaca is a non-custodial crypto wallet app that pushes for widespread use of cryptocurrency for payments and remittance. The wallet is being designed as a “super app” that will also contain aggregated services like food delivery, cab hailing, etc. as well as bills payment, mobile reload. It also facilitates token exchange and access of decentralized finance (DeFi) services through web 3.0 connectivity.
“As cryptocurrency is starting to gain traction in the Philippines, the team slowly developed the app into a crypto mobile wallet, adopting Bitcoin Cash (BCH) as its main cryptocurrency for its cheap and fast transactions making it suitable for micropayments” stated Dr. Joemar Taganna, the President and CEO.
Paytaca has been released in Google Play and Chrome Web Store and has been used by hundreds of testers from major crypto adoption hotspots including Philippines, Nigeria, United States, Argentina, etc. Testers have mostly given positive feedback and are excited to see the app get fully implemented.
“With this pre-seed funding, Paytaca can now start a more aggressive campaign for user growth and the inevitable introduction and adoption of BCH as a payment option to merchant services thru the app,” shared Paytaca Marketing Director Aaron JP Almadro.
The company raised funds through Flipstarter — a non-custodial crowdfunding platform powered by Bitcoin Cash. It was created as a way for the BCH community to fund projects through voluntary donations. To date, the community has donated no less than 3 million USD to more than a hundred campaigns including the recently successful one launched by Paytaca.
* Facebook Page: https://www.facebook.com/Paytaca
* Website: https://paytaca.com, https://connecta.market