Conduit, the cross-border payments platform powered by stablecoins, closed a $36 million Series A funding round. Conduit transaction volumes surged 16x in 2024, surpassing $10 billion in annualized payment volume. It will use new funding to expand its geographic reach and increase the range of fiat and digital currencies supported through its innovative real-time global payment rails. Conduit’s cross-border payment network seamlessly integrates stablecoins, USD and local currencies, providing businesses with a faster, cheaper, and more reliable alternative to the legacy SWIFT system. Conduit transaction volumes surged 16x in 2024, surpassing $10 billion in annualized payment volume. It will use new funding to expand its geographic reach and increase the range of fiat and digital currencies supported through its innovative real-time global payment rails. Clients choose Conduit for:
Speed and Efficiency: Unlike payment platforms that rely on slow and disjointed networks of correspondent banks, Conduit has direct partnerships with two dozen banks across the world, enabling transactions to settle in seconds rather than days.
Broad Geographic Coverage: Conduit natively supports a diverse range of currencies and payment methods, including highly inflationary local currencies in Latin America, Africa, and Asia.
Deep Liquidity: Conduit’s robust network of institutional-grade FX providers ensures large transactions can be processed seamlessly without liquidity constraints.