Levl has raised $7M to facilitate stablecoin payments.
The company has recently announced a seed round from big players in the industry lead by Galaxy Ventures and contributors including Falcon X, OpenFx, Variant Fund and others. This comes at a time when its team managed to achieve $1B payments volume (annualised).
Levl sits in the infrastructure layer of the stablecoin stack, allowing enterprises and institutions such as TerraPay and TapTapSend to move international balances (according to Forbes).
CEO Jaisel Sandhu expressed:
Global businesses see the potential of stablecoins to make payments faster and cheaper, but they need solutions that are compliant and easy to use — ones that fit into how they already operate.”
Levl is currently targeting several emerging markets where stablecoin adoption is already underway, including LATAM, Asia and Africa. However, the extra capital will also allow to go beyond same-day settlement value add and into stablecoin card and lending services.
