Sorted Wallet has raised $4.4 million in seed funding to expand its stablecoin wallet built for feature phones and low-cost smartphones. The round was led by Tether and Gnosis, with participation from Movement, Angel Invest, and other investors.
We are happy to share that Sorted has raised $4.4M in seed funding 💙
The round is led by @tether and @gnosis_, with participation from @movement_xyz, Angel Invest, and several angel investors including the founders of @rwa_io.
We started Sorted because we saw a gap nobody… pic.twitter.com/5q6v8s4hoM
— Sorted (@sortedwallet) May 20, 2026
Stablecoin wallet targets users without traditional banking access
The company said the goal is to bring stablecoin payments to users who do not have access to banks or reliable financial services. The wallet is designed to run on devices as small as 10 MB and works on both feature phones and smartphones.
Since launch, Sorted has recorded more than 500,000 downloads across 160 countries, including Nigeria, Kenya, Tanzania, and Bangladesh, without paid advertising.
Focus on emerging markets and real financial use cases
Sorted said its product is built for users who were not included in earlier fintech systems. Many of its users rely on stablecoins like USDT to protect savings in countries where local currencies lose value or banking access is limited.
The wallet is being used for everyday activities such as sending money to family members, paying suppliers, and holding digital dollars. The company said the system is designed to work even on low-cost devices and in regions with weak internet access.
Investors said the project fills a gap in financial infrastructure by focusing on users outside traditional banking and crypto markets.
Funding to support expansion across Africa and South Asia
With the new funding, Sorted plans to expand deeper into Sub-Saharan Africa and South Asia. The company also aims to strengthen partnerships with telecom operators and mobile networks to reach more users.
Sorted said the long-term goal is to scale to 100 million users by building simple tools that allow people to store and transfer value using stablecoins without needing advanced smartphones or complex applications.
The company said the new capital will support product development, regional expansion, and integration with local payment systems, as it continues to focus on financial access for underserved populations.
Meanwhile, a coalition of global and African institutions, including the African Continental Free Trade Area (AfCFTA) Secretariat, the Iota Foundation, the Tony Blair Institute and the World Economic Forum, has partnered to build a continent-wide digital public infrastructure to modernize and simplify cross-border trade processes.
Enjoyed this? Bookmark DeFi Planet, explore related topics, and follow us on Twitter, LinkedIn, Facebook, Instagram, Threads, and CoinMarketCap Community for seamless access to high-quality industry insights.
“Take control of your crypto portfolio with DEFI PLANET PRO, DeFi Planet’s suite of analytics tools”
