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Yahoo Finance Tech·2 min read

Stablecoin Firm TransFi Raises Nearly $20 Million

TransFi secures funding to enhance stablecoin operations.

TransFi, a stablecoin infrastructure company, has successfully raised $19.2 million to bolster its operations, with plans to expand into Asia, the Middle East, Latin America, and Africa. The funding includes $14.2 million from a Series A round led by Turing Financial Group and a $5 million liquidity facility. CEO Raj Kamal emphasized that this investment will allow the company to scale its infrastructure and demonstrate the viability of stablecoin-enabled payments.

Key Takeaways

1.
TransFi raised $14.2 million in a Series A round and a $5 million liquidity facility.
2.
The company aims to process $5 billion in transactions by the end of 2026.
3.
TransFi operates in over 70 countries and supports more than 40 fiat currencies.

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