Cryptographic payment start-up FLUUS completed a pre-seed round of financing of US $600000

It is reported that the encryption payment start-up FLUUS announced the completion of a pre-seed round of financing of US $600000, with FHS Capital, Encryptus.io and a number of angel investors participating in the investment. FLUUS is about to release a beta version to help more consumers access Web3 services, such as token pledge and swap. At present, the company has entered into partnership with online dating portal Dua.com and GD10 Ventures ecosystem.

Interpretation of this information:

FLUUS, a notable innovative payment start-up has just announced the conclusion of its pre-seed funding round, with an investment amount totaling $600,000. Investors who participated include FHS Capital, Encryptus.io and a host of angel investors. The company intends to use the funding acquired to develop a beta version that aims at providing users with easy accessibility to Web3 services, specifically token pledge and swapping.

The company aligns with the ever-growing interest in cryptocurrency in the dating industry and has already inked a partnership deal with Dua.com. While it also collaborates with GD10 Ventures ecosystem, the partnership will likely allow it to tap into the network of investors, entrepreneurs, and blockchain projects that GD10 Ventures has within its reach.

The bold move comes as attention in the Decentralized Finance (DeFi) market continues to increase. Investors have started taking notice of the growth this sector is experiencing, leading to increased investment in relevant start-ups. FLUUS is strategically positioned to benefit from the growing demand and increasing adoption of cryptocurrencies, particularly as it prepares to roll out its beta version.

FLUUS plans to release the beta version of its product, aimed at making it easier for consumers to access Web3 services, such as token pledge and swapping. This development will likely see many prospective investors and users gain interest in this promising start-up. The company’s vision appears to be toward achieving product improvements in user experience and accessibility which will likely further tokenize the everyday aspects of people’s lives.

The current round of funding merely serves as a stepping stone in FLUUS’ journey to becoming an innovative FinTech leader. Perhaps, it is safe to assume that with the success of the beta version, later rounds of investment might take place in the future. In conclusion, the timing of FLUUS’ move is strategic, as it aligns with the increasing hype and interest in cryptocurrencies, particularly Decentralized Finance (DeFi).