TransFi raises USD $19.2m to scale stablecoin payments

TransFi has closed a USD $19.2 million financing round, combining USD $14.2 million in Series A equity with a USD $5 million committed liquidity facility, as it expands stablecoin-based cross-border services across emerging markets.

Turing Financial Group led the round. TransFi describes Turing as a strategic investor in digital payments and financial infrastructure.

TransFi positions its platform as an alternative to traditional correspondent banking and SWIFT-based processes. It uses stablecoins as a settlement rail and targets markets where cross-border transfers often carry higher costs and longer settlement times.

The company plans to broaden coverage across South-East Asia, South Asia, the Middle East, Latin America and Africa. It also highlighted regulatory licensing work and expanding its liquidity network as priorities following the raise.

Funding structure

The round combines venture-style equity with a separate liquidity facility. The structure reflects the working-capital needs of payments businesses, which often require liquidity to manage settlement and currency conversion across multiple corridors.

TransFi did not disclose valuation details or name other participants in the materials announcing the financing.

Stablecoin rails

Stablecoins have become a common bridge asset in some cross-border payment models. Unlike volatile cryptocurrencies, they are typically pegged to a fiat currency, most often the US dollar. Payments firms and exchanges increasingly use them to speed transfers and conversions between local currencies, particularly in regions with uneven banking connectivity.

TransFi describes its approach as a "unified orchestration layer" that manages collections, payouts, conversion and settlement across fiat and stablecoin rails. It says the platform supports more than 40 fiat currencies and more than 100 digital assets.

The company also says it integrates more than 250 local payment methods and operates in more than 70 countries. In a separate description, it puts its footprint at more than 100 countries.

Operations and clients

Customers use TransFi for cross-border settlement, payroll and vendor disbursements, remittances, and local collections that settle across fiat and stablecoins. These use cases have become a focus for stablecoin-based payments providers, which argue blockchain-based settlement can reduce the number of intermediaries in a transaction.

TransFi says it serves more than 2 million end users through more than 100 clients globally, and reports a 16x increase in revenue since a seed round in 2024.

The company expects to process about USD $5 billion in transaction volume over the next 12 months, based on its current pipeline and anticipated conversions.

Expansion plans

TransFi says it will use the new funding to expand in high-growth emerging-market corridors, deepen regulatory licensing, and strengthen its liquidity network.

It also plans to scale merchant acquisition and continue investing in "AI-first operations and product innovation" across business payments, checkout infrastructure and stablecoin orchestration.

Regulatory compliance remains a central issue for stablecoin-based payment providers operating across multiple jurisdictions. Licensing requirements vary widely, and some markets restrict crypto-related services and the handling of digital assets. Firms offering stablecoin settlement often rely on a mix of payments licences, partnerships with regulated entities, and compliance controls such as identity checks and transaction monitoring.

Liquidity management is another operational challenge for cross-border platforms, particularly those supporting many local payment methods. Providers need reliable access to local-currency funds and settlement instruments. This is especially relevant in corridors where capital controls, banking cut-off times, and limited onshore liquidity can disrupt predictable settlement.

Raj Kamal, TransFi's Co-founder and CEO, framed the Series A as a response to what the company says are adoption trends among businesses using stablecoins for day-to-day payments.

"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. This Series A allows us to scale our infrastructure across high-friction markets and continue proving that stablecoin-enabled payments are not the future; they are already happening."

TransFi says its next phase of growth will include broader corridor coverage and continued work on licensing and liquidity arrangements as it pursues higher transaction volumes across emerging markets.