
Sling Money, a stablecoin-based global payment app, has successfully raised $15 million in a Series A funding round. The funding was led by Union Square Ventures (USV), with participation from Ribbit Capital and Slow Ventures. This investment aims to support Sling Money's mission of making cross-border payments instant, easy, and low-cost. The app leverages blockchain technology, using stablecoins to facilitate seamless global transactions. The company's innovative approach is expected to introduce millions of users to cryptocurrency by focusing on the technology as a means rather than an end.
Sling Money, a stablecoin-based global payment app, raises $15 million in Series A https://t.co/LxzvdkULwy
I’m so proud of what the @SlingMoney team has achieved so far and excited about what’s next. I’m grateful to be working with the talented teams at @usv, @ribbitcapital, and @slow as we push forward to deliver effortless, instant, global payments to billions around the world. https://t.co/s59daOJ9jB
Sling Money Raises $15 Million Series A to Transform Global Payments https://t.co/wMedRZQzIL https://t.co/pTAdcSWml9
