UK stablecoin remittance platform Seva Money completes $5 million seed funding round

UK-based remittance infrastructure firm Seva Money has raised a $5 million seed round co-led by Blockwall and Revent, with continued participation from Seedcamp, Stride and Ada Ventures. The company provides white-label wallets and bank cards to remittance operators, combining fiat and stablecoin rails so recipients can access services such as savings and healthcare. Its receive-side services are already live in India and Mexico, with plans to expand into the Philippines, Kenya, Nigeria, Tanzania and Ghana over the next 12 months. The funding will go toward product development, expanding operator partnerships and broadening market coverage. The raise signals continued investor appetite for stablecoin-enabled payout infrastructure in emerging markets, and the pace of the five-country rollout will be the next milestone to watch.