TransFi Secures $19.2 Million in Funding to Expand Global Stablecoin Payment Market, Expected Transaction Volume to Reach $5 Billion

Gate News, March 18 — Stablecoin payment infrastructure company TransFi announced the completion of a new funding round of $19.2 million to accelerate its global expansion of cross-border payment platforms. The funding was led by Turing Financial Group, with $14.2 million in equity financing and $5 million allocated for liquidity support.

TransFi stated it will use the funds to expand into Southeast Asia, South Asia, the Middle East, Latin America, and Africa, while seeking more in-depth regulatory licenses and scaling up enterprise merchant expansion. The platform supports global payroll, remittances, fund transfers, and payments, positioning itself as an alternative to traditional correspondent banks and the SWIFT system, enabling cross-border settlements with stablecoins.

Co-founder and CEO Raj Kamal said, “Stablecoins are no longer just theoretical tools; they are becoming part of the global financial infrastructure. This funding will help us build infrastructure in high-friction markets and demonstrate that stablecoin-based payments are a reality.” TransFi expects transaction volume to reach approximately $5 billion in fiscal year 2026. Since its seed funding in 2024, revenue has grown 16-fold, with over 2 million end users. The company currently operates in more than 70 countries, supporting over 40 fiat currencies and more than 100 cryptocurrencies.

The adoption of stablecoins in real-world payments is accelerating. A report by Boston Consulting Group predicts stablecoin payment volume will exceed $350 billion by 2025. Major global financial institutions are building stablecoin-based payment infrastructure. Recently, Mastercard announced plans to acquire stablecoin infrastructure company BVNK for up to $1.8 billion, including a $300 million contingent payment; PayPal has also expanded the scope of its stablecoin PYUSD to 70 markets.

Additionally, reports indicate that Hong Kong-based stablecoin payment company RedotPay is raising $150 million in funding and plans to go public in the United States, with a valuation potentially exceeding $4 billion. This signals a new wave of growth in the global stablecoin payment market, as enterprises and institutions ramp up their investments. (The Block)