TL;DR
- TransFi secures $19.2M to expand cross-border stablecoin settlement operations globally.
- Turing Financial Group led the round including Series A and liquidity facility.
- Platform now serves 70+ countries with 2 million end users.
TransFi, a payments infrastructure platform built on stablecoins, secured $19.2 million in funding to expand cross-border settlement operations. Turing Financial Group led the round that included $14.2 million in Series A equity plus $5 million in committed liquidity facility. The company plans deploying capital to penetrate Southeast Asia, South Asia, Middle East, Latin America, and Africa, while advancing regulatory licensing and enterprise merchant acquisition.
TransFi already operates in more than 70 countries, supporting 40+ fiat currencies and 100+ cryptocurrencies. The platform reports over 2 million end users and anticipates processing approximately $5 billion in transaction volume during 2026. Since its 2024 seed round, revenues have grown 16 times, reflecting rising demand for alternatives to traditional banking channels where dollar liquidity access remains inconsistent.
The expansion strategy targets regions where cross-border payments face considerable friction. Correspondent banking systems and SWIFT networks require multiple intermediaries, generating multi-day delays and elevated fees. TransFi enables stablecoin settlement, bypassing intermediaries and accelerating settlement times. Use cases include payroll, remittances, corporate treasury flows, and compensation payouts.
Stablecoins Reach $350 Billion in Volume While Financial Giants Compete for Dominance
Global adoption context validates TransFi’s wager. Stablecoin volumes exceeded $350 billion in 2025, according to Boston Consulting Group, demonstrating expansion beyond crypto trading into real operational payments. Mastercard recently acquired BVNK, a stablecoin infrastructure firm, for up to $1.8 billion, including contingent payments. PayPal expanded its PYUSD stablecoin to 70 markets, amplifying access to stable currency payments.
Those maneuvers by established giants signal the stablecoin payments market transitioned from experimental to serious competition. Fintechs like TransFi compete directly against traditional payment networks. RedotPay, Hong Kong-based firm, is in discussions to raise $150 million in a round potentially valuing the company at over $4 billion and targeting U.S. public offering.
TransFi positions its platform as direct alternative to legacy systems. While correspondent banks process international transfers in four to five days with fees ranging 5%-10%, TransFi settles in minutes with substantially lower costs.
In markets where banking infrastructure access is limited, the difference becomes transformational for businesses and remote workers dependent on rapid international transfers. The infrastructure gap between developed and emerging markets creates opportunity for stablecoin rails to capture payment flows traditional systems cannot serve efficiently.
