- Conduit raised $36 million in Series A funding, bringing total funding to $53 million.
- The platform moves stablecoin payments across nine countries, linking 20+ banks and handling $10 billion in annual volume.
- Expansion into five Asian markets is planned by year-end, adding reach for its 5,000+ merchant clients.
Cross-border payments have always been slow, expensive, and difficult to navigate—especially for businesses trying to scale across continents. While traditional banking systems continue to rely on outdated infrastructure, some fintech companies are rewriting the rules. Among them is Conduit, a company making quiet but meaningful waves in how stablecoins are used to move money globally.
The rise of Conduit and its $36M funding milestone
Founded in 2021, Conduit has grown steadily behind the scenes. But things accelerated recently when the company announced a $36 million Series A round, led by Dragonfly Capital and Altos Ventures. With additional backing from Sound Ventures, DCG, and Commerce Ventures, Conduit has now raised a total of $53 million. CEO Kirill Gertman explained that this funding will help the company reach five new Asian markets by the end of the year. But what’s truly fueling investor interest is the company’s unique take on stablecoin-powered payments.
Making stablecoins work for global business
Stablecoins aren’t new, but Conduit’s approach to using them in a real-world business context is gaining traction. The company offers businesses a way to send and receive payments internationally—not through slow SWIFT transfers, but via stablecoins like USDC or USDT. More importantly, Conduit isn’t just about moving coins from one wallet to another. Their service also handles currency conversion. A company in Kenya can receive dollars as stablecoins, and then convert them into local currency quickly through Conduit’s network of 20+ banking partners across nine countries. No need for complex forex setups or expensive middlemen.
Conduit integration attracts fintech platforms at scale
What makes Conduit especially appealing to fintech platforms is how easy it is to integrate. Businesses can use the standalone web dashboard, or embed Conduit directly into their own platform using developer-friendly APIs. Over 100 fintech platforms have already taken this route, embedding Conduit’s infrastructure into their apps. The result? Over 5,000 merchants globally now use Conduit to handle payments, and the platform processes over $10 billion in transactions every year. It’s clear this isn’t just a prototype—it’s a system that’s running at scale.
A competitive but open market
Of course, Conduit isn’t alone in the stablecoin payments space. Big names like Ripple and Stripe are also building products aimed at faster, cross-border settlements. Ripple is already known for its XRP-powered network, while Stripe made headlines after acquiring Bridge, a stablecoin startup. Yet Conduit’s edge lies in its versatility. While others often focus on specific use cases or closed systems, Conduit provides an open, flexible infrastructure that can adapt to different needs—whether you’re a local business in Brazil or a marketplace in Nigeria.
Conclusion
Conduit is quietly reshaping the future of international payments—not with hype, but with functionality. By focusing on stablecoins, simplifying currency exchange, and creating tools that are easy to plug into, the company is building something that businesses actually want to use. With expansion into Asia on the horizon and billions already flowing through its rails, Conduit is showing that the future of payments might not come from traditional banks—but from the stablecoin rails they never built.
Disclaimer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
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