Key Data

• Trading Name: Due
• Legal Entity: Due Ltd/Due Payments EOOD/Due Technologies Inc./Due Payments Inc. 
• Activities: International payments
• Location: London, UK 
• Regulations: registered in Bulgaria and Canada
• Key People: Robert Sargsian/Aleksei Popov
• Latest news: Due

Due, established in 2022, is a London-based fintech startup aiming to revolutionize international payments through blockchain and stablecoin technologies. The company offers borderless multi-currency accounts, global transfers, and merchant acquiring services for both individuals and businesses.

Key Features:

• Borderless Multi-Currency Accounts: Users can access digital currencies like the US Dollar and Euro from anywhere, add funds using local payment methods, exchange currencies at real rates, and earn interest on their capital.
• Global Transfers: Due facilitates fast and cost-effective international money movements by leveraging decentralized networks and stablecoins, enabling users to send and receive payments worldwide.
• Merchant Acquiring: The platform supports local payment methods across over 60 markets, allowing businesses to accept payments globally with minimal processing fees.

Funding and Investors

In November 2023, Due raised $3.3 million in a seed funding round with participation from investors including Fabric Ventures, Speedinvest, BlockTower Capital, Semantic Ventures, Polymorphic Capital, and Discovery Ventures.

Global Presence

Due operates across multiple regions, including Europe, Latin America, the Middle East, Africa, and North America, supporting local payment methods in over 60 markets.

By integrating blockchain and stablecoin innovations, Due aims to create a world where money is truly global, permissionless, and inclusive, providing fast, accessible, and low-cost international money movements for businesses and individuals worldwide.

Regulation

• Due Payments EOOD is registered as a virtual assets service provider with the National Revenue Agency of Bulgaria (UIC 207457701).
• Due Payments Inc. (reg. number 1000864948) is based in Ontario and operates as a Money Service Business, regulated by FINTRAC with MSB registration number C100000185.

Key People

• Robert Sargsian:

  Date of birth: March 1995

  Nationality: Russian

• Aleksei Popov:

  Date of birth: December 1993

  Nationality: Russian

Customer Reviews

As of December 2024, there are no publicly available customer reviews for Due on major review platforms.

Serving

Due serves a diverse clientele, including:

• Individuals: Offering borderless multi-currency accounts, Due enables individuals to hold and exchange digital currencies like USD and EUR, facilitating seamless international transactions.
• Businesses: Providing global payment solutions, Due assists businesses in managing cross-border transactions efficiently, supporting local payment methods across over 60 market.

Conclusion and Rating

Merchant Rating: Orange
Due to the current lack of publicly available customer reviews, we cannot definitively assess the user experience and operational reliability of Due Ltd. in the merchant services domain. While the company presents innovative solutions and has a clear vision to streamline and reduce the cost of international payments, the absence of customer feedback makes it difficult to gauge the actual service quality. Therefore, we assign a provisional “Orange” rating for the merchant aspect until further customer insights become available.

Compliance Rating: Green
In terms of compliance, Due Ltd. meets all essential requirements. Relevant company information, including its establishment, key personnel, and regulatory framework, is transparently and easily accessible. The company’s regulation in the UK adds credibility and trustworthiness to its legal and operational framework. Consequently, Due Ltd. receives a “Green” rating for compliance.

Conclusion:
Due Ltd. shows great potential to improve the international payments landscape through innovative technologies. While its compliance standards are fully met, additional customer reviews and feedback should be awaited to solidify the merchant-related assessment.