Conduit, a fintech startup specializing in cross-border payments, has secured $36 million in a Series A funding round. The round was co-led by Dragonfly and Altos Ventures, with additional investment from Circle Ventures, Digital Currency Group, and other backers. Conduit aims to build faster, cheaper, and more reliable financial infrastructure by integrating stablecoins and local currencies into its payments network, positioning itself as a competitor to traditional systems like SWIFT. The company has also expanded its operations globally, including relocating its team from Ukraine, and is targeting markets such as Brazil.
Empresa de stablecoins Conduit levanta US$ 36 milhões e está de olho no Brasil https://t.co/oWjmBfFWtZ
Conduit raises $36m to take on Swift with stablecoin-based cross-border payments https://t.co/rMae06q7A7
Conduit, whose cross-border payments network integrates stablecoins and local currencies, raised a $36M Series A co-led by Dragonfly and Altos Ventures (@rt_watson / The Block) https://t.co/sbY7uu7gT4 https://t.co/CxKloV4eJt https://t.co/ZOzeer1FAj