The stablecoin payment infrastructure company TransFi has successfully raised $19.2 million to drive its business expansion.
This funding will be used for expansion plans in Southeast Asia, South Asia, the Middle East, Latin America, and Africa. TransFi aims to deepen its regulatory licensing efforts and scale up its acquisition of enterprise merchants.
Part of the funds will also be allocated to enhance AI-driven operations and product development in B2B payments, checkout infrastructure, and stablecoin orchestration.
Raj Kamal, co-founder and CEO of TransFi, stated, “This Series A funding allows us to expand our infrastructure in high-friction markets and continue to prove that stablecoin payments are not a trend of the future, but a reality happening now.”
TransFi is expected to process approximately $5 billion in transaction volume by the end of fiscal year 2026 as an alternative to traditional banking and the SWIFT system. The company currently operates in over 70 countries and supports more than 40 fiat currencies as well as over 100 cryptocurrencies.
The use of stablecoins is continuously increasing.