Latitude raises $35 million in Series A for stablecoin payments

  • Latitude raised $35 million in Series A financing led by Oak HC/FT.
  • Latitude has raised $43 million including an $8 million seed round.
  • Latitude is licensed in 45 U.S. markets and targets international licensing expansion.

Latitude, a Texas-based cross-border payments infrastructure company, has raised $35 million in a Series A led by Oak HC/FT, bringing its total funding to $43 million including an $8 million seed round. NEA, Coinbase, Lightspeed Faction and OpenFX participated. Founded by former executives from Stripe, Uber, Coinbase and Meta, Latitude helps businesses convert stablecoins into local fiat currency and distribute payouts through bank accounts and mobile wallets without requiring recipients to use crypto wallets. The company is licensed in 45 U.S. markets and plans to expand its regulatory approvals across Southeast Asia, Latin America and Africa. Latitude, which has a 15-person team, will use the funding to add compliance, engineering, legal, sales and other staff.

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