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Centiglobe
Centiglobe is a Swedish fintech company that provides a Distributed Ledger Technology (DLT) platform for cross-border payments. Their solution helps banks, payment service providers (PSPs), and corporates to conduct instant, traceable, and cost-efficient payments using a centralized collateral model and a single API. This approach aims to reduce pre-funding, lower costs, and enable new business models through tokenization and programmable payments. The company is supported by Vinnova, Sweden's Innovation Agency.
Stockholm, SE
Description
Centiglobe is a Swedish fintech company founded in Stockholm in 2019, offering a cross-border payments infrastructure solution for banks, PSPs, and corporates. Originating from a research project, the company developed a Distributed Ledger Technology (DLT) platform to address challenges in scalability, transaction speed, and currency volatility. Their flagship solution, Centiglobe Connect, is a member-based network that enables instant, secure, and transparent two-way cross-border payments, eliminating intermediaries and reducing counterparty risks. By utilizing a centralized collateral pool instead of scattered pre-funding, the platform aims to lower capital requirements and operational costs. Centiglobe also provides strategic guidance and whitepapers on topics like tokenization and programmable payments to help clients turn payments modernization into a competitive advantage. The company is a member of the Swedish FinTech Association and is supported by Vinnova, Sweden's Innovation Agency.Grant Funding
VC Funding
None
2021
$0
$5.8M