According to Fortune, Latitude, a stablecoin payment infrastructure startup co-founded by former employees of Stripe, Uber, Coinbase, and Meta, has announced the completion of a $35 million Series A round led by Oak HC/FT, with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX. Latitude aims to solve the “last mile” challenge of cross-border stablecoin payments by providing businesses with infrastructure to convert stablecoins into local currencies and disburse funds via local payment methods such as bank accounts and mobile wallets. Its current clients include digital banks, payroll platforms, e-commerce marketplaces, and financial institutions. The company previously raised $8 million in seed funding. The proceeds from this round will be used to expand its compliance, engineering, legal, and sales teams, and to obtain regulatory licenses in markets such as Southeast Asia, Latin America, and Africa.
Stablecoin payment firm Latitude closes $35M Series A round
TechFlowShare
Summary
Stablecoin regulation firm Latitude has closed a $35 million Series A round led by Oak HC/FT, with NEA, Coinbase, Lightspeed Faction, and OpenFX participating. Founded by former employees of Stripe, Uber, Coinbase, and Meta, Latitude focuses on the “last mile” of stablecoin cross-border payments by converting stablecoins into local currencies for bank and wallet disbursements. Clients include digital banks, payroll platforms, and e-commerce companies. The company previously raised $8 million in seed funding. The new capital will support team expansion and the acquisition of regulatory licenses across Southeast Asia, Latin America, and Africa. The funding reflects growing interest in liquidity and crypto market infrastructure.
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