Stablecoin payments startup TransFi announced the completion of a $19.2 million financing round, led by Turing Financial Group. This round includes $14.2 million in Series A equity financing and $5 million in committed liquidity financing. The new funds will support the company in building cross-border remittance services based on stablecoin settlement channels to serve as an alternative to traditional banking and SWIFT transfer processes, while expanding its liquidity network and obtaining regulatory licenses in more emerging markets.
Stablecoin payments startup TransFi announced the completion of a $19.2 million financing round, led by Turing Financial Group. This round includes $14.2 million in Series A equity financing and $5 million in committed liquidity financing. The new funds will support the company in building cross-border remittance services based on stablecoin settlement channels to serve as an alternative to traditional banking and SWIFT transfer processes, while expanding its liquidity network and obtaining regulatory licenses in more emerging markets.