Cross-border payment infrastructure company Layer2 Financial has completed a $10.7 million Series A funding round

2024-07-31 19:35:38

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ChainCatcher news, cross-border payment infrastructure Layer2 Financial has completed a $10.7 million Series A funding round, led by Galaxy Ventures, with participation from Accomplice and Sapphire Ventures. The company plans to use the funds to advance its product development, expand into new jurisdictions, and grow its team.

It is reported that Layer2 Financial's partners can provide clients with compliant payments in multiple currencies. Through its API, clients can transfer funds using methods such as ACH, Fedwire, Swift, SEPA, and tokenized assets (including transfers from digital currencies to fiat currencies and vice versa), as well as receive and send payments. The platform is currently regulated in approximately 34 states in the U.S. and has also obtained licenses in Canada and Europe.

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