Zynk, a cross-border payments infrastructure company, has secured $5 million in seed funding to advance its mission of enabling instant settlements using stablecoins. The round was led by Hivemind Capital and included participation from Coinbase Ventures, Alliance DAO, Transpose Platform VC, Polymorphic, Tykhe Ventures, and Contribution Capital. The funding, completed in August through a Simple Agreement for Future Equity (SAFE), will be used to expand corridor coverage, enhance liquidity and compliance systems, and form partnerships with major payment providers.
Co-founder and CEO Prashanth Swaminathan declined to disclose the valuation but emphasized that the proceeds will drive growth in key areas. "We've been building the financial pipes that make global payments instant," Swaminathan said. "Access to pre-funding has become a moat in cross-border payments — and we're breaking that moat." Zynk's platform supports both fiat and stablecoin settlements, allowing payment and remittance firms to move funds across markets without maintaining local accounts or pre-funding balances, thereby enabling instant settlement without trapped capital.
The company's rails currently support corridors for USD, EUR, AED, INR, MXN, and PHP, serving clients such as remittance providers, B2B payment platforms, and trading networks. Zynk reports a 70% month-over-month growth since its quiet launch in April, though specific transaction or revenue figures were not disclosed. The 15-person team includes veterans from Amazon Pay India, Morgan Stanley, and various fintech startups.
Co-founder and CTO Manish Bhatia, a former founding member of Amazon Pay India, highlighted the technology's impact: "When I was leading Amazon Pay's technology stack, I saw firsthand how businesses have always needed real-time settlement. Zynk is finally making that possible." The firm positions itself as a stablecoin-enabled alternative to legacy networks like SWIFT, acting as middleware between Web2 and Web3 payment systems to facilitate compliance and access to crypto liquidity.
This funding reflects broader venture capital interest in digital payment infrastructure, particularly models that integrate regulated finance with blockchain settlement. Analysts view such initiatives as a bridge between traditional banking and blockchain-based finance, especially in regions with limited correspondent banking access.
BTC
HYPE