Stablecoin payments firm TransFi raises $19 million for global expansion

Stablecoin payments infrastructure firm TransFi has raised $19.2 million, comprising $14.2 million in Series A equity and a $5 million committed liquidity facility, in a round led by Turing Financial Group. The funds are earmarked for expansion across Southeast Asia, South Asia, the Middle East, Latin America, and Africa, alongside pursuing deeper regulatory licensing and scaling enterprise merchant acquisition. TransFi positions its stablecoin-powered platform as an alternative to traditional correspondent banking and SWIFT, supporting global payroll, remittances, and treasury movements. Co-founder and CEO Raj Kamal stated that stablecoins are becoming foundational infrastructure for global commerce. The company projects approximately $5 billion in processed transaction volume for fiscal year 2026, having already grown revenue 16-fold since its 2024 seed round and serving over 2 million end users across 70 countries.

(Source：The Block)