• Fumbi Network acquired DLTPAY, a fintech startup backed by Techstars and focused on non-custodial stablecoin wallets.
  • DLTPAY’s technology will enable personal wallet creation, stablecoin management, and DeFi tools within the Fumbi app.

Fumbi Network, a top digital asset investment platform in Central and Eastern Europe, has acquired DLTPAY, a seed-stage fintech startup recognised for its non-custodial wallet application focused on stablecoin management.

The move marks a strategic push by Fumbi to enhance its user-controlled asset offerings while expanding its platform’s functionality.

A Strategic Fit for Expansion

The acquisition allows Fumbi to integrate DLTPAY’s core technology and accelerate the development of features requested by its growing user base.

“We saw an opportunity to scale our services more efficiently with a solution that fits well with Fumbi’s vision, to better meet the needs of our growing user base,” said Juraj Forgacs, CEO and Founder of Fumbi Network.
“Through this acquisition, we can accelerate the rollout of new features requested by our users, while expanding capabilities across the entire platform.”

Founded by Kenneth Kumor, Michal Vranec, and Matej Sinkovic, DLTPAY gained early recognition for supporting Circle’s EURC, a euro-backed stablecoin.

The app enables users to manage digital euros and dollars with greater control. Backed by $120,000 in seed funding from Techstars, the startup was also selected to join Chainlink’s Build program.

Unlocking New Functionality Within the Fumbi App

Fumbi plans to embed DLTPAY’s features directly into its mobile investment app, including personal wallet generation, stablecoin support across blockchains, and built-in DeFi tools.

These enhancements aim to give users more flexibility and autonomy over their assets, aligning with emerging industry preferences.

As regulatory frameworks like MiCA continue to shape the future of digital finance, platforms offering hybrid custodial and non-custodial solutions are gaining traction.

Fumbi’s move positions it to stay competitive by combining usability with increased user control.

Founded in 2018 and headquartered in Bratislava, Fumbi Network offers individuals and institutions automated, diversified strategies to invest in crypto assets in a secure and compliant manner.

Edited by Annette George