Reykjavik-headquartered fintech startup Monerium has raised $2 million in a seed funding round led by Crowberry Capital, with the participation from ConsenSys and Hof Holdings. The company has also applied to become a licensed financial services company in the European Economic Area (EEA).

After the registration process is over, Monerium plans to offer fiat money services and issue e-money on blockchains tied to fiat currencies. The company did not elaborate further on its plans other than saying that in the near future it “will be able to make further announcements specifically about plans regarding fiat money.”

Founded in 2016 in Reykjavik, Monerium has a team of 14 people and has a presence in Sweden, the US and UK.

In the photo (left to right): Monerium’s team and board members Jenny Ruth Hrafnsdóttir, Sveinn Valfells, Hjörtur Hjartarson, Magnús Eðvald Björnsson, Árni Guðjónsson, Denielle Pamela Neben, Jón Gunnar Ólafsson, Jón Helgi Egilsson, Gísli Kristjánsson

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