Tether, Gnosis co-lead $4.4 million seed round for lightweight mobile-friendly Sorted Wallet

<p><span style="font-weight: 400;">Tether and Gnosis have co-led a seed funding round for Sorted Wallet, a non-custodial crypto wallet designed for mobile devices in emerging markets.</span></p>

<p><span style="font-weight: 400;">The round totals $4.4 million, including $3.4 million in equity funding led by Tether and Gnosis, with participation from Movement, Angel Invest Group and individual angel investors like the founders of RWA.io, as well as $1 million in strategic support from Vox Solutions, according to the announcement. </span></p>

<p><span style="font-weight: 400;">Launched in 2022, Sorted is the lightest crypto wallet on app stores at just 10MB, making it an appealing solution for mobile devices like stripped-down feature phones. </span></p>

<p><span style="font-weight: 400;">The wallet has been downloaded 500,000 times, according to the announcement, with Nigeria, Kenya, Tanzania, Bangladesh and Madagascar representing its fastest-growing markets.

It also has market penetration in Central America, including Mexico.</span></p>