Cybrid raises $10m to power stablecoin payments

October 23, 2025

Cybrid, a leading provider of compliant stablecoin and fiat payment infrastructure, has raised $10m in a Series A funding round led by the Growth Venture Fund at BDC Capital.

The round also saw participation from Golden Ventures, Luge Capital, and Panache Ventures.

The Toronto-based FinTech offers an API-first platform that combines stablecoin, fiat, and compliance features to help financial institutions, remittance providers, and B2B payment firms adopt stablecoins at scale.

Cybrid’s technology enables clients in the US and Canada to integrate cross-border payment solutions that reach over 150 countries, offering up to 90% lower costs and full transparency.

The new funding will be used to accelerate Cybrid’s mission of making stablecoins the preferred payment method for global financial institutions and cross-border payments.

In the past 12 months, Cybrid has achieved 5x growth.

The company’s leadership team includes co-founder and CEO Avinash Chidambaram, who previously led tokenised payments initiatives such as ApplePay in Canada and held senior roles at Interac and BlackBerry; co-founder and CTO Brent Carrara, a cryptography and biometrics expert; principal engineer Michael Carrara, formerly of Bread Wallet and BlackBerry; president and COO Dean Brauer, co-founder of GoHenry; and co-founder and VP of sales Ali Irshad, previously with Airmeet.

Cybrid CEO Avinash Chidambaram said, “Stablecoins are becoming the backbone of how currency moves across borders and between businesses in near real time, and at a fraction of the cost of sending money over the traditional networks.

At Cybrid, we’ve built the intelligent payment infrastructure that fintechs, enterprises, and financial institutions need to adopt stablecoins at scale, with compliance baked in. This funding allows us to accelerate our mission and bring the benefits of faster, more transparent, and lower-cost payments to businesses worldwide.”

BDC Capital Growth Venture Fund partner Jack Fraser said, “Stablecoins are poised to transform global cross border payments, especially across financial institutions and the B2B payments space where speed and cost matter most.

“The team at Cybrid has direct expertise in building best-in-class payments and banking infrastructure, with compliance at its core, for world class financial services and fintech brands. They have delivered best-in-class payments and banking infrastructure to customers and bring deep experience in the digital asset space, which is why we’re proud to lead this round.”