TransFi, a global payments infrastructure company building on stablecoin rails with a focus on emerging markets, has closed a $19.2m financing round.
The raise comprises a $14.2m Series A equity round and a $5m committed liquidity facility, led by Turing Financial Group, a strategic investor in digital payments and financial infrastructure.
The funding is intended to support TransFi’s mission to modernise cross-border payments by reducing reliance on legacy banking infrastructure and enabling real-time value transfer through stablecoin-enabled rails.
Proceeds from the Series A will be deployed across several growth priorities, including expansion into high-growth emerging market corridors spanning South-East Asia, South Asia, the Middle East, Latin America, and Africa. The company also plans to deepen its regulatory licensing, strengthen its liquidity network, scale enterprise merchant acquisition, and continue investing in AI-first operations and product innovation across B2B payments, checkout infrastructure, and stablecoin orchestration.
TransFi operates across 70+ countries and integrates 250+ local payment methods, supporting 40+ fiat currencies and 100+ digital assets through a unified orchestration layer covering collections, payouts, conversion, and settlement. The platform enables businesses to settle cross-border payments in minutes rather than days, process global payroll and vendor disbursements, facilitate remittances at lower cost, and collect locally with seamless settlement across both fiat and stablecoin rails.
The company is targeting approximately $5bn in processed transaction volume in the 2026 financial year, based on current pipeline and expected business conversions. Since its seed round in 2024, TransFi has recorded 16x revenue growth and now serves more than 2 million end users and over 100 clients globally.
TransFi co-founder & CEO Raj Kamal said, “Stablecoins are no longer theoretical instruments, they are becoming foundational infrastructure for global commerce. Businesses are using our platform every day to run payroll, move treasury, settle cross-border transactions, and power remittances across markets where traditional rails remain inefficient..This Series A allows us to scale our infrastructure across high-friction markets and continue proving that stablecoin-enabled payments are not the future, they are already happening.”
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