Updates
VC Roundup: Web3 Funding Hits $5.4B in 2024 – Borderless Recognized for Payment Infrastructure
Oct 30, 2024
October 30, 2024 – Borderless.xyz is excited to announce the successful completion of a $3 million pre-seed funding round, led by Amity Ventures. This investment will be instrumental in enhancing our technology and expanding our global presence, positioning us to deliver efficient, stablecoin-powered payment solutions across key markets.
With the new capital, Borderless.xyz will focus on strengthening our Global Transfer Protocol (GTP), which bridges stablecoins and real-world assets (RWAs). This will enable fast, secure, and cost-effective cross-border transactions. The funding will support the scaling of our platform, ensuring we meet the growing demand for seamless international payment solutions, offering a more efficient alternative to traditional banking systems.
Kevin Lehtiniitty, CEO of Borderless.xyz, expressed excitement about the partnership with Amity Ventures, highlighting that the funding will accelerate our mission to revolutionize global payments. This investment will help enhance our infrastructure and expand operations to support the increasing need for secure and efficient cross-border payment options.
This successful funding round demonstrates strong investor confidence in our approach to addressing global payment challenges, leveraging stablecoins to provide accessible and efficient solutions for international money transfers, making global payments truly borderless.
For the full announcement, please visit Coin Telegraph.
