Wind.app, a fintech startup in Bangladesh, has secured USD 3.8 million in pre-seed funding to enhance its blockchain-based digital wallet for seamless cross-border payments.

Target Information

Wind.app is an innovative fintech startup founded by Hussain Elius, who is also the former CEO and co-founder of Pathao, a popular ride-sharing platform in Bangladesh. The company has successfully raised pre-seed funding amounting to USD 3.8 million, allowing it to further develop its groundbreaking digital wallet solutions. With a vision to revolutionize financial transactions, Wind.app is poised to make a significant impact in the fintech landscape.

The startup features a ‘self-custody’, ‘smart contract’ digital wallet that utilizes polygon blockchain technology. This wallet not only facilitates seamless cross-border payments but also offers competitive exchange rates, enabling users to send and receive money globally. Additionally, Wind.app's infrastructure supports on-ramp/off-ramp solutions for easy conversion between cryptocurrencies and traditional fiat currencies.

Industry Overview in Bangladesh

Bangladesh's fintech industry has been experiencing rapid growth in recent years, driven by increasing smartphone penetration and a tech-savvy population. The country has seen a surge in digital financial service