TransFi has raised $19.2 million to grow its operations and expand its stablecoin payment network.
The funding round, led by Turing Financial Group, included $14.2 million in Series A equity and a $5 million committed liquidity facility.
TransFi plans to use the money to expand in emerging markets across South-East Asia, South Asia, the Middle East, Latin America, and Africa. The company will also strengthen regulatory licensing, scale enterprise merchant adoption, and enhance AI-driven operations for B2B payments, checkout infrastructure, and stablecoin management.
Co-Founder and CEO Raj Kamal said, “This Series A allows us to scale our infrastructure across high-friction markets and show that stablecoin-enabled payments are not the future—they are happening now.”
TransFi positions itself as an alternative to traditional correspondent banking and SWIFT-based systems. It currently operates in over 70 countries, supports more than 40 fiat currencies, and handles over 100 cryptocurrencies. The company expects to reach roughly $5 billion in transaction volume by the end of fiscal year 2026.
The use of stablecoins continues to grow. The total supply has surpassed $315 billion, led by Tether, with other major players like Circle also expanding in payments and financial services.
Traditional financial firms, including Mastercard and Standard Chartered, have shown interest in the stablecoin sector. Meanwhile, several countries are introducing regulations and legislation to oversee the growing market.
In short, TransFi’s funding will help it scale its stablecoin payment infrastructure globally, as stablecoins continue gaining traction in everyday financial transactions.
