Tether and Gnosis have jointly invested $4.4 million into Sorted Wallet, a lightweight mobile crypto application designed for emerging markets. The funding includes $3.4 million in equity led by Tether and Gnosis, with additional contributions from Movement, Angel Invest Group, and angel investors like the founders of RWA.io. Strategic support of $1 million came from Vox Solutions.
Sorted Wallet’s app is only 10MB, making it ideal for low-cost feature phones and basic Android devices prevalent in Africa, South Asia, and parts of Central America. The wallet has already surpassed 500,000 downloads, with strong adoption in Nigeria, Kenya, Tanzania, Bangladesh, and Madagascar. Mexico and several Central American nations are also showing growth.
Tether CEO Paolo Ardoino emphasized that true financial inclusion requires reaching users who can’t afford expensive smartphones or data plans. He noted that digital assets have moved beyond trading to real-world applications, but infrastructure must be built for those on simpler devices. Tether previously invested $1.5 million in Sorted Wallet in 2024, and this latest round reinforces their commitment.
Gnosis investment partner Daniele Pinna described Sorted Wallet as a crucial access layer for stablecoin payments in markets where traditional fintech has limited reach. Gnosis, known for the Safe non-custodial wallet, sees Sorted’s lightweight approach as key to extending crypto payments via telecom networks.
The new funds will help Sorted Wallet expand into more Sub-Saharan African and South Asian markets, strengthen telecom integrations, and launch a new payment mechanism in May.