Spritz Finance Raises USD 2.5 Million in Pre-seed Funding

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The company will use the investments from leading Web3 veterans to connect real-world bill payments with crypto and DeFi.

GREENWICH, Conn., – May 24 2022 –  Spritz Finance, a Web3 personal finance platform for decentralized finance (DeFi) users to easily pay their bills with crypto, recently closed a USD 2.5 million pre-seed round. The funds will be used for hiring, expanding the platform’s crypto payments integrations, and making the product compatible across multiple blockchains..

Some of the notable investors include Polygon Co-Founder Sandeep Nailwal, former Coinbase CTO Balaji Srinivasan and Aaron Harris, former Fintech Partner at Y Combinator. The funding round also includes participation from Ledger Prime, OrangeDAO, Shima Ventures, DCG Genesis, Awesome People Ventures, and others. 

Spritz is founded by Christopher Sheehan, an MIT Computer Scientist and former Y Combinator investee.

“We believe there is a strong need to better connect real-world bill payments with crypto wallets that are easy to set-up and simple to manage,” said Sheehan. “Our mission is to automate financial freedom for millions of people by enabling them to better utilize their on-chain income streams – whether from putting capital to work, or by staking, earning in games and yield farms – to directly pay their expenses each month, without needing a bank.”

Nailwal said Spritz is building the exact type of product that he envisions on the Polygon network.

“I’m so excited to be backing Spritz and be a part of bringing personal finance into the Web3 era,” he said. “Mass adoption of crypto is our core mission at Polygon, so by enabling anyone who’s