COINQVEST, a crypto payment API, invoicing, and management platform, today announced it was selected as the top business in the latest Stellar Seed Fund. The platform was awarded first place by a panel of Stellar Development Foundation members and peers in the Stellar ecosystem.
The final round consisted of eight participants; with each awarded an equity-free grant amount proportionate to the number of votes received.
COINQVEST received 835,214 XLM (more than $500K USD at the time of winning). In all, 58 businesses and blockchain projects entered the nine-month-long competition starting back in August 2020.
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Stellar Seed Fund
The Stellar Seed Fund aims to help businesses and services get started on Stellar. It is focused on supporting viable, for-profit businesses building products and utilities for the ecosystem.
Aside from a monetary grant for a startup like COINQVEST, the Stellar Seed Fund offers multitudinous benefits to participants. Notably, for COINQVEST, winning the smaller Stellar Community Fund almost a year ago, allowed them to obtain an EU crypto payment processing license.
“The increased attention we’ve gained also means being able to showcase our strengths and real-world functionality as a digital currency / stable coin payment provider. We truly appreciate having the opportunity to be a part of the Seed Fund. I can’t recommend participation enough to those building on Stellar and wanting to take their projects to the next level.”
– Stefan Schneider, COINQVEST Co-Founder
