Stablecoin payments infrastructure firm TransFi has successfully raised $19.2 million in a Series A funding round to fuel its global expansion. The investment, led by Turing Financial Group, comprises $14.2 million in equity and a $5 million committed liquidity facility.
The capital will be deployed to expand TransFi's operations across emerging markets, specifically targeting South-East Asia, South Asia, the Middle East, Latin America, and Africa. A core part of the strategy involves pursuing deeper regulatory licensing and scaling enterprise merchant acquisition in these regions. The company also plans to strengthen its AI-first operations and product development across B2B payments, checkout infrastructure, and stablecoin orchestration.
Raj Kamal, Co-Founder and CEO of TransFi, stated, "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." The company positions itself as a modern alternative to traditional correspondent banking and SWIFT-based systems, citing faster settlements and lower costs for corporate clients.
TransFi is on track to process approximately $5 billion in transaction volume by the end of fiscal year 2026. Currently, the platform operates in over 70 countries, supporting more than 40 fiat currencies and over 100 cryptocurrencies, bridging fiat and crypto for seamless cross-border payment solutions like payroll, vendor payments, and remittances.
This funding round occurs against a backdrop of growing stablecoin adoption, with the total supply recently surpassing $315 billion, led by major players like Tether and Circle. Traditional financial giants such as Mastercard and Standard Chartered have also shown increasing interest in the stablecoin payments sector.
