Coca Wallet, Seamless, secure, and accessible stablecoin payments wallet, Raise Undisclosed Strategic from Stellar Development Foundation

March 21, 2025

COCA Wallet has announced a strategic investment from the Stellar Development Foundation (SDF) and FunFair Ventures. The funding is set to accelerate the company’s expansion in the stablecoin payments sector and strengthen its presence within the Stellar network. Since its launch a year ago, COCA has attracted over a million users, highlighting the demand for stablecoin-based financial transactions.

The company facilitates stablecoin payments through non-custodial Visa debit cards and IBANs, enabling users to transact across more than 80 million merchants in 200 countries. By integrating with Stellar’s financial infrastructure, COCA is enhancing cross-border payment capabilities, offering users lower fees and simplified transactions without the need for traditional banking intermediaries. The investment will also support COCA’s adoption of Stellar’s Soroban smart contracts and MoneyGram’s global remittance services.

COCA plans to further develop its security framework with multiparty computation (MPC) technology and biometric authentication while introducing features such as universal gas tokens for blockchain fees, zero-fee swaps, and cross-chain transactions. The funding reinforces COCA’s position in the digital payments industry as it continues to expand its services globally.

About COCA Wallet

COCA Wallet is a stablecoin payments platform designed to simplify digital transactions through non-custodial Visa debit cards and IBANs. It allows users to pay with stablecoins at merchants worldwide and access a secure, cost-efficient financial system. The company prioritizes ease of use, security, and global accessibility.

Website: https://www.coca.xyz/

X: @coca_wallet

About Investor

Stellar Development Foundation

The Stellar Development Foundation (SDF) is a non-profit organization established in 2014 to support the Stellar network. The foundation focuses on maintaining the Stellar blockchain, assisting businesses and developers, and promoting financial inclusion through blockchain technology.

Location: San Francisco, CA

Website: https://stellar.org/

FunFair Ventures

FunFair Ventures provides funding and advisory support to early-stage blockchain companies. The firm, leveraging its experience in decentralized gaming and blockchain ecosystems, invests in projects with long-term growth potential.

Location: Isle of Man

Website: https://www.funfair.ventures/

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