Raises $5 million… Seba Money offers wallets and cards for remittance recipients

London-based fintech Seva Money has raised $5 million in seed funding co-led by Blockwall and Revent, with existing investors Seedcamp, Stride.VC and Ada Ventures participating. The company sells white-label wallets and cards to cross-border remittance providers, which offer them to recipients under their own brands. Seva plans to expand over the next 12 months into the Philippines, Kenya, Nigeria, Tanzania and Ghana. The raise matters because it targets the last mile of remittances—giving recipients of inbound transfers stored-value accounts and card rails rather than cash pickup. Watch for which remittance partners go live in those five markets and whether the wallet-and-card model gains traction against established payout networks.