Conduit aims to enhance its cross-border payment services by integrating stablecoins, with plans for expansion into Asia and Mexico following a successful funding round.
Conduit has raised $36 million in a Series A funding round led by Dragonfly Capital, increasing its total funding to $53 million. The company focuses on cross-border payments utilizing stablecoins, claiming significant savings in settlement time and fees for clients. This funding will support Conduit's expansion into Asia, Mexico, and other regions, with Dragonfly's Rob Hadick joining its board.