ChainCatcher report: According to market sources, the stablecoin cross-border payment platform TransFi has completed a $19.2 million funding round, comprising $14.2 million in Series A equity financing and $5 million in committed liquidity financing. The round was led by Turing Financial Group, a strategic investor in digital payments and financial infrastructure. TransFi utilizes stablecoins as a settlement rail to provide an alternative to traditional correspondent banking and SWIFT systems for emerging markets. The new funds will be used to expand into Southeast Asia, South Asia, the Middle East, Latin America, and Africa, deepen regulatory licensing efforts, and grow its liquidity network.
Stablecoin cross-border payment platform TransFi completes $19.2M funding
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Summary
Stablecoin cross-border payment platform TransFi has secured $19.2 million in project funding, including $14.2 million in Series A equity and $5 million in liquidity financing. The round was led by Turing Financial Group. TransFi uses stablecoins to provide an alternative to traditional banking systems in emerging markets. The funds will support expansion into Southeast Asia, South Asia, the Middle East, Latin America, and Africa, as well as regulatory licensing and growth of its liquidity network. The platform is also preparing for new token listings to enhance its payment infrastructure.
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