Cross-border payment firm Latitude completes $35M Series A round led by Oak HC/FT

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Latitude has secured a $35 million Series A round led by Oak HC/FT, with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX. The cross-border payment company enables businesses to send fiat currency to emerging markets via local payment methods using stablecoins. With licenses in 45 U.S. markets, Latitude plans to expand regulatory approvals to Southeast Asia, Latin America, and Africa. The team will use the funds to grow its compliance, engineering, and sales teams. As liquidity and crypto markets evolve, companies like Latitude are positioning themselves to bridge traditional and digital finance. BTC as a hedge against inflation remains a key narrative in the sector.

Huo Xing Cai Jin reports, according to Fortune magazine, cross-border payment infrastructure company Latitude has completed a $35 million Series A funding round led by Oak HC/FT, with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX. Founded by former executives from Stripe, Uber, Coinbase, and Meta, Latitude aims to help businesses send fiat currency to users in emerging markets via stablecoins, using local payment methods such as bank accounts and mobile wallets. Latitude is currently licensed in 45 U.S. markets and plans to expand its regulatory licenses into Southeast Asia, Latin America, and Africa. The company currently has a team of 15, and the new funds will be used to expand its compliance, engineering, and sales teams.

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