Mercuryo announced raising a €2.5 million funding round led by Target Global.

Mercuryo, a Talinn, Estonia-based developer of cryptocurrency payment processing solutions, announced securing a €2.5 million ($3M) capital funding round.

The money was provided by the Berlin-based VC Target Global.

Mercuryo, founded in 2018 Petr Kozyakov, Alexander Vasiliev and Greg Waisman, developed a cross-border payments network that enables businesses across the world to send and receive payments for goods and services using cryptocurrencies.

Mercuryo's platform provides solutions for virtual accounts, business payments, remittance processing, and mass payouts regardless of local payment methods and currencies. Mercuryo.io has launched with 150+ crypto projects to become a crypto-fiat gateway with a further launch of multiple other crypto payments products.