Coinflow raises $ 25m to measure stablecoin payments, supported by Pantera and Coinbase
The StableCoin Payment Startup Coinflow raised $ 25 million in a series of a cycle chaired by the Pantera Capital, as it moves to measure the global payout network and challenge the legacy cross-border system.
Illinois-based firm has grown 23-fold revenue since 2024 and now supports payments paved by Stablecoin in more than 170 countries, this said in an announcement on Thursday.
Other supporters of the cycle include Coinbase Ventures, CMT digital, jump capital and the Fintech Fund.
Acceptance of Stablecoin payments may allow merchants to receive funds without the pursuit of many financial service intermediaries and have lower transaction costs. They can look at providers who offer the type of service they will see when accepting traditional payment.
Coinflow, which says it processing the amount of multi-billion-dollar transactions, provides infrastructure for businesses to accept and send money around the world using stablecoins such as the USDC. The platform includes instant settlement, chargeback protection, and artificial intelligence (AI) -driven fraud prevention.
The new capital will help Coinflow expand the scope of payout in Asia and Latin America, rent throughout the US and Europe, and improve transaction approved rates, which the company has said that can drive the merchants’ growth directly.
“Payment systems are still stuck in a patchwork of local networks, riding delays, frauds, and unnecessary costs,” said Daniel Lev, CEO of Coinflow and co-founder.
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