Updates
Amity Ventures Leads $3 Million Pre-Seed Funding for Borderless.xyz
Oct 23, 2024
October 23, 2024 – Borderless.xyz has raised $3 million in a pre-seed funding round led by Amity Ventures. This investment brings the company’s total funding to $3.3 million and will play a key role in expanding its geographic presence and enhancing its technological infrastructure.
With the new capital, Borderless.xyz will focus on growing its presence in key markets and strengthening its ability to offer secure, fast, and cost-effective cross-border payment solutions. The company will invest in advancing its technology to ensure seamless international transactions using stablecoin technology to reduce volatility and transaction fees.
Kevin Lehtiniitty, CEO of Borderless.xyz, expressed excitement about the partnership with Amity Ventures, noting that the funding will accelerate the company’s mission to transform global payments and expand access to efficient, stablecoin-powered solutions.
This funding round reflects strong investor confidence in Borderless.xyz’s ability to address the growing demand for innovative and accessible cross-border payments, and the company remains committed to setting new standards in the payments industry.
For the full article, please visit The Block.
