Stablecoin payments firm TransFi raises over $19M to expand services

Stablecoin payments infrastructure firm TransFi has raised $19.2 million to expand its operations.

According to a recent announcement, the company raised $14.2 million in Series A equity along with a $5 million committed liquidity facility. The funding round was led by Turing Financial Group.

TransFi will use the capital to fund expansion across South-East Asia, South Asia, the Middle East, LatAm and Africa. It plans to pursue deeper regulatory licensing and scale its enterprise merchant acquisition.

A portion of the funds would also be used to strengthen AI-first operations and product development across B2B payments, checkout infrastructure and stablecoin orchestration.

“This Series A allows us to scale our infrastructure across high-friction markets and continue proving that stablecoin-enabled payments are not the future, they are already happening,” said Raj Kamal, Co-Founder and CEO of TransFi.

TransFi positions itself as an alternative to traditional correspondent banking and SWIFT-based systems and said it is on track to achieve roughly $5 billion in processed transaction volume by the end of fiscal year 2026. The company currently operates in over 70 countries and supports more than 40 fiat currencies and over 100 cryptocurrencies.

Stablecoin usage is rising

As previously reported by crypto.news, stablecoin supply has surpassed $315 billion, led by Tether, which continues to dominate the market by share. Other major players, such as Circle, have also expanded their presence across payments and financial applications.

A number of traditional financial firms, including Mastercard and Standard Chartered, have also taken an interest in the growing stablecoin sector.

Meanwhile, several jurisdictions across the globe have started introducing regulatory frameworks and legislation.