TransFi has raised $19M in funding.
The company has secured more capital to expand its stablecoin infrastructure globally. With a mix of a Series A and further funding commitments for liquidity, this strategic round was led by Turing Financial Group to bolster stablecoin rails in developing countries.
Cofounder and CEO Raj Kamal expressed:
Stablecoins are no longer theoretical instruments, they are becoming foundational infrastructure for global commerce. Businesses are using our platform every day to run payroll, move treasury, settle cross-border transactions, and power remittances across markets where traditional rails remain inefficient.”
There has been substantial growth in the company’s reach over the last 4 years, with around 200K+ global users being serviced across 100 different markets. Their niche is in the B2B space, tackling main functions where payments and fund transfers happen.
