US EditionConduit Raises $36 Million Series A to Scale Use of Stablecoins for Cross-Border Payments
- Conduit, a Boston-based company specializing in stablecoin-powered cross-border payments, secured $36 million in its Series A funding round announced on May 28, 2025.
- Conduit secured $36 million in Series A financing, with Dragonfly and Altos Ventures serving as the primary investors, and support from Circle Ventures and others, to accelerate the global rollout of its real-time payment platform.
- Conduit integrates stablecoins like USDC with local fiat currencies to offer faster, more affordable, and transparent cross-border transactions in nine countries.
- CEO Kirill Gertman said Conduit processes over $10 billion annually through 5,000 merchants and 100 fintech integrations, saving clients 60,000 hours and $55 million in fees.
- The capital injection will support Conduit's mission to improve global payments infrastructure but faces challenges from better-funded competitors and a shifting stablecoin landscape.
15 Articles
15 Articles
Africa in Focus as Conduit Secures $36M to Scale Stablecoin Infrastructure
Conduit, a fintech startup focused on transforming cross-border payments through Stablecoin technology, has secured $36 million in Series A funding to fuel its expansion across Latin America, Africa, and Asia. The round was co-led by Dragonfly and Altos Ventures, with additional backing from Sound Ventures, Commerce Ventures, DCG, Circle Ventures, and existing investors Helios and Portage, bringing the company’s total funding to $53 million.The …
STABLECOINS | Conduit Raises $36 Million Series A to Scale Real-Time Cross-Border Stablecoin Payments Across Latam, Africa, Asia
Conduit, the company re-imagining global financial infrastructure, announced today it has raised $36 million in Series A funding to scale real-time, stablecoin-powered cross-border payments across Latin America, Africa, and Asia. The round was co-led by: Dragonfly and Altos Ventures with participation from: Sound Ventures Commerce Ventures DCG Circle Ventures and existing investors: Helios and Portage Ventures. This brings Conduit’s total fun…
Conduit Secures $36M Funding to Compete with SWIFT in Stablecoin-Based Cross-Border Payments | Fintech InShorts: Latest fintech news, analysis by experts
Revolutionizing International Transactions with Innovative Financial Technology Highlights: Conduit raises $36 million to enhance its cross-border payment platform. The company aims to utilize stablecoins to provide faster and cheaper international transactions. Conduit’s strategy targets the traditional SWIFT system by leveraging blockchain technology. Conduit has successfully raised $36 million in funding to innovate the cross-border payment …
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