Stablecoin payments firm Latitude completes $35 million Series A funding round, led by Oak HC/FT.
48 minutes ago
According to Fortune, global payment infrastructure company Latitude has closed a $35 million Series A funding round, led by Oak HC/FT with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX. Latitude previously completed an $8 million seed round; the valuation of the latest round was not disclosed. Founded by industry professionals with backgrounds at Stripe, Uber, Coinbase, and Meta, Latitude primarily provides infrastructure for digital banks, payroll platforms, marketplaces, and financial institutions, enabling enterprises to conduct cross-border transfers via stablecoins and disburse funds in local currencies to bank accounts or mobile wallets. The capital from this round will be used to expand its compliance, engineering, legal, and sales teams. Latitude currently holds or maintains relevant licenses across 45 U.S. markets, and plans to apply for direct regulatory approvals in Southeast Asia, Latin America, and Africa to further expand its operations outside the U.S.
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