Movement said that it invested in Sorted’s $4.4M seed round, led by Tether with participation from Gnosis, Angel Invest Group and angel backers. According to Movement, Sorted is a non-custodial stablecoin wallet built to run on $20 feature phones.
The deal targets emerging-market users who rely on low-bandwidth devices for remittances, bill payments and stable value storage. Movement said Sorted has 500,000 downloads across 160 countries with zero paid acquisition, while its voucher-code on-ramp works without bank accounts, credit cards or complex KYC.
The next point to watch is product integration. Movement said the relationship will support institutional-grade remittance and investment products in markets including Nigeria, Kenya, Tanzania and Pakistan, while both teams work toward full chain and yield integration.
Source: Movement Network.
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