Sovra closes $2 million pre-seed financing

According to Sovra's official Twitter account, Sovra has completed a $2 million pre-seed financing led by Pharsalus Capital. Sovra is a self-hosted fintech platform that mainly targets the Middle East and North Africa and provides users with USDC-based global digital dollar accounts. The platform enables users to hold, send, spend, and earn revenue in digital dollars while maintaining control over their funds without relying on traditional banks or custodians.