Peanut has raised $1.5 million in pre-seed funding to bring stablecoins (digital dollars) to the masses. The funding will accelerate Peanut’s mission to provide a faster, borderless alternative to traditional banking, without requiring technical expertise from the users.
With Peanut, users can send and receive digital dollars across 20+ networks, instantly cashing out to their bank accounts in U.S. Dollars or Euros—all without relying on outdated payment infrastructure. Funds arrive near-instantly, eliminating slow and costly international transfers.
Pay Anyone with a Text
Peanut introduces a new way to send money: URL and QR code payments, enabling transactions through everyday platforms like WhatsApp, Telegram, email, and SMS. This removes the friction of traditional transfers, allowing anyone to receive funds—whether they use digital dollars or traditional bank accounts.
“Texting money is now possible,” said Hugo Montenegro, co-founder of Peanut and a Harvard graduate. “We use this to pay freelancers all the time. With Peanut, digital dollars move as easily as a Venmo or PayPal transfer—without the banking delays or hidden fees.”
About Peanut
Peanut is a next-generation payment network that enables seamless cross-border, bank-connected stablecoin transactions. Using advanced smart contract technology, Peanut ensures security, self-custody while keeping transactions near-instant and user-friendly.
The protocol already supports 20+ digital asset networks and plans to expand to additional platforms. Leading financial technology companies like Blockscout, WalletConnect, and Clave Wallet are leveraging Peanut’s technology to enhance their payment experience.
For more details, visit peanut.me or contact press@peanut.to.
Quotes from Founders
“The efficiency of a global, instant settlement network without intermediaries would have been unthinkable a few years ago.” – Konrad Urban
“Our mission is to make the flow of money buttery smooth.” – Konrad Urban
“The people of Argentina deserve better access to the dollar” – Konrad Urban
Conclusion
Peanut’s successful raise of $1.5 million in pre-seed funding represents more than just a capital injection—it’s a powerful validation of the growing demand for accessible, user-friendly digital dollar solutions in an increasingly interconnected global economy. By reimagining how people interact with stablecoins and traditional banking systems, Peanut is addressing a fundamental challenge in international finance: making cross-border transactions as simple and immediate as sending a text message.
The company’s innovative approach to payment infrastructure, combining advanced smart contract technology with familiar communication channels like WhatsApp, Telegram, and SMS, demonstrates a deep understanding of both user needs and technological possibilities. This unique synthesis of cutting-edge blockchain technology and everyday user experience positions Peanut at the intersection of traditional finance and the digital asset ecosystem, offering a bridge that could fundamentally transform how people think about and use money across borders.
The support from established financial technology partners, including Blockscout, WalletConnect, and Clave Wallet, underscores the platform’s potential to reshape the payment landscape. As Peanut expands its network across more than 20 digital asset platforms, it’s not just building a payment protocol—it’s creating a new paradigm for global money movement that prioritizes speed, accessibility, and user empowerment. The company’s commitment to making “the flow of money buttery smooth,” as expressed by co-founder Konrad Urban, reflects a vision where financial transactions are no longer constrained by geographical boundaries or technical complexity.
With this funding and strong technological foundation, Peanut is well-positioned to accelerate its mission of democratizing access to digital dollars and modernizing cross-border payments. The platform’s ability to facilitate instant bank account withdrawals in both U.S. Dollars and Euros, combined with its user-friendly interface, creates a compelling solution for individuals and businesses seeking efficient, cost-effective ways to manage international transactions. As traditional banking infrastructure continues to evolve, Peanut’s innovative approach to combining the best of both digital and traditional finance worlds sets a new standard for what users should expect from modern financial services.
