Cross border payments platform Conduit has secured $36 million in Series A funding to expand its stablecoin powered payment infrastructure. The round was co-led by Dragonfly and Altos Ventures, with participation from Sound Ventures, Commerce Ventures, Circle Ventures, and other investors.
The Boston based company, which combines traditional banking rails with stablecoins for international transfers, has achieved significant growth with transaction volumes increasing 16x in 2024. Conduit currently operates at an annualized run rate of $10 billion in payment volume, serving over 100 clients with a team of 57 employees.
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