The startup, backed by Y Combinator, 468 Capital, Bitso, Transpose VC, Acacia Venture Capital Partners, and angel investors including Jawed Karim, Raphael Dyxklay, and Caetano Lacerda, aims to provide cross-border transfers, compliance management, and quick virtual US account opening via a developer-friendly API, processing over $125M in transfers by 2025.
According to PANews on August 7, Blindpay completed a US$3.3M seed round with investments from Y Combinator, 468 Capital, Bitso, Transpose VC, Acacia Venture Capital Partners, and angel investors Jawed Karim, Raphael Dyxklay, and Caetano Lacerda. The company is set to build a global stablecoin payment infrastructure offering businesses tools for cross-border transfers, compliance management, and quick opening of virtual US accounts via a developer-specific API. By 2025, it processed over $125M in transfers, including $46M in July.