Woofun AI reports that Sovra has finalized a $2 million Pre-seed financing round, with Pharsalus Capital serving as the lead investor. This capital injection supports the expansion of Sovra’s self-custodied fintech infrastructure, which is strategically focused on the Middle East and North Africa markets.

The platform provides users with USDC-based global digital dollar accounts, enabling them to hold, transfer, and generate yields on their assets. By maintaining direct control over funds, Sovra eliminates dependency on traditional banks or third-party custodians, offering a streamlined alternative for digital currency management in the region.