TransFi Secures $19.2M to Expand Stablecoin Payments
Global payment infrastructure company TransFi Inc. has closed a $19.2 million financing round to accelerate its expansion in emerging markets. The round, led by Taiwanese private equity firm Turing Financial Group, includes $14.2 million in Series A equity and a $5 million committed liquidity facility. Founded in 2022, the Dubai-based company provides infrastructure for businesses to manage payments across both traditional fiat and stablecoin rails, aiming to modernize cross-border transactions.
The new capital will be used to scale operations across corridors in South-East Asia, South Asia, the Middle East, Latin America, and Africa. Funds are also allocated to enhance TransFi's liquidity network, strengthen its regulatory licensing, and scale enterprise merchant acquisition. The company plans to further invest in its "AI-first operations" and product innovation for B2B payments and stablecoin orchestration.
Platform Surpasses $1B in Volume, Targets $5B in FY2026
TransFi has demonstrated significant market traction, having already processed over $1 billion in volume for more than 2 million end users. The company reported a 16x increase in revenue since its 2024 seed round and is now projecting it will handle approximately $5 billion in transaction volume in fiscal year 2026. The platform currently operates in over 70 countries and integrates more than 250 local payment methods.
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.
— Raj Kamal, Co-Founder & CEO.
