Stablecoin cross-border payment company Latitude completes $8 million funding round, led by NEA

CycleProphet · 2026-03-31T14:52:05+00:00

Cross-border payments startup Latitude raises $8 million in funding, led primarily by NEA, supporting U.S. companies to make payments to over 50 countries worldwide. Its core product, "Global Receivables," simplifies the payment process and has already been providing services to clients. The company is also developing products for crypto applications, currently in the testing phase.

CycleProphet

2026-03-31 14:52:05

Abstract generation in progress

Deep Tide TechFlow message. On March 31, according to Fortune, cross-border payments startup Latitude announced that it has completed a $8 million fundraising round. The round was led by NEA, with Lightspeed Faction, Coinbase, Paxos, and the Solana Foundation among the participants. The company’s valuation was not disclosed.

Latitude was founded by former Stripe, Coinbase, Uber, and Meta employees Cyril Mathew, Vivek Morzaria, and Brian Wrightson. Its core product, “Global Payouts,” enables U.S. businesses to make payments to individuals in more than 50 countries worldwide—after dollars undergo intermediary conversion via a stablecoin rail, they are delivered to the destination in local currency, with the entire process shielding users from the underlying complexity. The podcast platform Zencastr has already used the network as a customer to settle with content creators in places such as India.

Latitude’s second product is aimed at crypto-native applications. It allows international users in places such as Mexico and the Philippines to use its infrastructure to convert local currency into stablecoins in order to access platforms such as prediction markets. The company is currently in a testing phase and generates revenue through transaction fees, with 11 employees. Latitude considers traditional banking and legacy FX clearing institutions such as SWIFT as its main competitors.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes