Sovra closes $2M pre-seed round led by Pharsalus Capital

TechFlow News, June 23: According to an official announcement, Sovra has closed a $2 million pre-seed funding round led by Pharsalus Capital. The project positions itself as a global USD account service targeting the Middle East and North Africa (MENA) region and broader markets, enabling users to send, earn, spend, and transfer funds via mobile devices.

Sovra states that its underlying infrastructure is powered by Circle, Privy, Base, Solana, and Morpho, with technical complexity abstracted away to optimize the user experience for mainstream consumers.