Overview
- Sorted Wallet raised $4.4 million in seed funding led by Tether and Gnosis, with $3.4 million in equity and $1 million in strategic support from Vox Solutions, alongside Movement, Angel Invest Group and several angels including the founders of RWA.io.
- The company says the wallet has surpassed 500,000 downloads, with fastest growth in Nigeria, Kenya, Tanzania, Bangladesh and Madagascar, and added uptake in Mexico and parts of Central America.
- The app is about 10MB and runs on feature phones and low-end Android devices, which lowers storage and data needs for users who lack expensive smartphones or steady internet access.
- Sorted plans to use the capital for telecom integrations and expansion across Sub-Saharan Africa and South Asia, and it says a new payment mechanism is slated to launch in May.
- Tether framed the reinvestment as a financial inclusion push for people without smartphones or data plans, and its recent backing of remittance platform LemFi points to a broader drive to route USDT through low-cost cross-border payment rails.