JAN3, a pioneering cryptocurrency firm, raised $5 million in seed funding on Jan 3rd, 2025, to boost the development of its AQUA Wallet. This significant investment marks a major milestone in the company’s mission to make Bitcoin accessible, practical, and transformative for users across the globe.
With backing from top-tier investors, the funding will be used to further enhance AQUA’s capabilities, aiming to onboard a billion people to Bitcoin.
The Strategic Investors Behind JAN3’s Growth
In a blog announcement, it said, that the seed round was led by Fulgur Ventures, with notable participation from Grupo Salinas, Tether, Lightning Ventures, East Ventures, Plan B Fund, Bitcoin Opportunity Fund, and NYDIG. This diverse group of strategic investors reflects the growing momentum for Bitcoin adoption worldwide.
Oleg Mikhalsky, Partner at Fulgur Ventures, shared their excitement for supporting JAN3, stating, “We are dedicated to supporting visionary entrepreneurs who are building the financial infrastructure of the future.”
“Our investment in JAN3 reflects our confidence in their mission to accelerate Bitcoin adoption globally.” Fulgur Ventures views JAN3’s approach as key to advancing the Bitcoin and Liquid Network ecosystems.
In Latin America, Grupo Salinas brings its regional expertise, with Banco Azteca focusing on financial inclusion for middle and lower-income families.
Tether is also backing JAN3 due to its potential to provide financial freedom and access to digital dollars, particularly in emerging economies.
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Tether’s CEO, Paolo Ardoino, expressed enthusiasm for AQUA’s potential: “JAN3’s AQUA wallet has found excellent product-market fit by offering the perfect balance of saving in Bitcoin with spending in USDt.”
Building a Bitcoin Treasury and Expanding AQUA Wallet Features
East Ventures, a prominent investor in Southeast Asia, brings experience from markets such as Indonesia and Japan, where it has been instrumental in driving Bitcoin adoption. Together, these partners are helping JAN3 expand its reach in both Latin America and Asia.
The $5 million funding comes after JAN3’s oversubscribed pre-seed round of $620,000 in early 2023. Part of the seed financing, $1 million, will go toward establishing a Bitcoin Treasury for JAN3.
The treasury will consist of 12 BTC, acquired at an average cost of $83,333 per BTC, solidifying JAN3’s commitment to the Bitcoin Standard.
Since its inception, the AQUA Wallet has focused on optimizing seamless swaps across Bitcoin layers and Tether USDt within a self-custodial wallet.
With this new funding, JAN3 will expand its marketplace integrations, introducing features like credit cards, loans, and local on/off ramps to increase user accessibility.
Expanding AQUA Wallet’s Impact
In 2024, JAN3 has seen rapid growth, with the AQUA Wallet crossing $11 million in swap volume in November alone. This growth indicates the platform’s success in making Bitcoin more accessible and practical for users, particularly in underbanked regions.
Samson Mow, JAN3’s CEO, expressed confidence in the direction of the company, stating, “We’ve managed to create a Bitcoin Superapp that’s able to deliver real utility and is being used in daily life around the world. It just works, and it’s only going to get even better.”
The focus for the coming months will be on accelerating growth, refining features, and scaling operations to serve more users globally.
The Vision for a Bitcoin Standard
The mission of JAN3 and the AQUA Wallet extends beyond just offering a financial tool—it is about rebuilding the global financial system on a Bitcoin Standard.
By providing Bitcoin-based solutions, the company aims to support families in Latin America, small businesses in Southeast Asia, and underbanked individuals globally, enabling them to take control of their finances.
The $5 million seed funding represents a pivotal step in JAN3’s journey, accelerating the expansion of the AQUA Wallet and Bitcoin’s potential for global financial inclusion.
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