---
title: "Latitude raises $35 million Series A for stablecoin payments infrastructure"
url: https://stacklist.com/card/3bdfbbe2-d1b6-4432-bcc9-7b39d123602e
source_url: "https://www.citybiz.co/article/900994/latitude-raises-35-million-series-a-to-scale-stablecoin-payments-infrastructure/"
stack: https://stacklist.com/c/finance/stack/12558e62-7a4e-4321-9159-e09646f440f4
summary: "Latitude raised $35 million in Series A funding to expand its cross-border payments infrastructure that connects stablecoin settlement with local payment rails, enabling businesses to send and receive funds in local currencies without requiring recipients to use crypto wallets. The San Francisco-based company now has $43 million in total funding and serves payroll platforms, marketplaces, and fintech companies across more than 50 countries."
tags: "stablecoin, payments-infrastructure, cross-border, series-a, fintech, regulatory-compliance"
key_entities: "Latitude (organization), Oak HC/FT (organization), Coinbase Ventures (organization), NEA (organization), Lightspeed Faction (organization), Cyril Mathew (person), Oivind Lorentzen (person), David Morgan (person), San Francisco (location), Brazil (location), India (location), Kenya (location), Philippines (location), Pix (technology), UPI (technology), stablecoin (concept), cross-border-payments (concept), Series A funding round (event)"
classification: "analysis"
content_hash: "sha256:ae4bd0c392619de216a8a3d314707899fd4cfcfd859ffa3cbfb753abbd283eae"
acp_version: "0.2"
token_counts_approximate: 1333
visibility: public
agent_accessible: true
status: "final"
---

# Latitude raises $35 million Series A for stablecoin payments infrastructure

Latitude has raised $35 million in Series A funding to expand its cross-border payments infrastructure, which connects stablecoin settlement with local payment rails and allows businesses to send and receive funds in local currencies without requiring recipients to use crypto wallets. The round was led by Oak HC/FT, with participation from NEA, Coinbase Ventures, Lightspeed Faction, OpenFX and Wilson Sonsini. The financing follows an $8 million Seed round completed earlier in 2026 and brings Latitude’s total funding to $43 million. The San Francisco-based company is building payment infrastructure that allows fintechs, payroll platforms, marketplaces and wallets to move between stablecoins and local currencies through a single integration. Latitude’s strategy addresses one of the primary operational challenges surrounding stablecoin payments. Stablecoins can move between digital wallets quickly, but converting those assets into the currencies and payment methods used by businesses, employees, contractors and consumers requires connections to local banking and payment networks. Latitude provides those on- and off-ramps while handling the underlying licensing, compliance and liquidity infrastructure. The company connects stablecoin settlement directly with local payment systems including Pix in Brazil, UPI in India and mobile money networks in Kenya. That enables a business to initiate a payment using Latitude’s infrastructure while the recipient receives local currency through an existing account or payment method. Recipients do not need to maintain a cryptocurrency wallet or understand the stablecoin infrastructure supporting the transaction. “Moving money should be as simple as sending a message,” co-founder and CEO Cyril Mathew said. He said Latitude is designed to abstract the underlying payments infrastructure so companies can enter additional markets without independently building local stablecoin ramps. That model could be particularly useful for businesses managing distributed workforces, marketplace sellers or international customer bases. Instead of maintaining separate payment integrations for individual countries, customers can use Latitude as a regulated infrastructure layer connecting stablecoins with domestic payment networks. Latitude currently serves payroll platforms, marketplaces, fintech companies and wallets operating across more than 50 countries. The company is licensed or approved to operate in 45 U.S. markets and is pursuing additional licenses internationally. Latitude views ownership of regulatory infrastructure as a central component of its model because it can reduce the compliance work customers need to perform when expanding into new jurisdictions. The platform also connects with liquidity providers and trading venues across individual markets. Latitude routes transactions through available partners to improve pricing and reduce the number of intermediaries involved in converting between stablecoins and local currencies. The combination of regulatory coverage, liquidity and local payment connections is intended to provide customers with one API for international money movement rather than requiring separate infrastructure for each market. “The real challenge is building the infrastructure for stablecoins that connects a global technology to the financial systems people and businesses rely on every day,” Oak HC/FT Partner Oivind Lorentzen said. He said Latitude’s investment in regulatory infrastructure and local connectivity could position the company as an underlying layer for global payments as stablecoin adoption expands. Latitude is also targeting faster settlement than traditional cross-border payment workflows. The company says contractors, sellers and employees can receive local currency within minutes rather than waiting days for international transfers to clear. Velo CFO, for example, uses Latitude for payments into the Philippines. Partner and Head of Accounting David Morgan said payments can reach local Philippine accounts within minutes while reducing fees for the company. The Series A comes as Latitude moves quickly from initial financing into commercial expansion. Raising $35 million only months after its $8 million Seed round gives the company substantially more capital to build regulatory coverage and local payment connectivity across additional markets. Latitude was founded by Mathew, Brian Wrightson and Vivek Morzaria , who previously held leadership roles across Stripe, Coinbase, Meta, Uber and Zero Hash. Their infrastructure strategy centers on making stablecoins largely invisible to the end recipient. Rather than asking businesses and workers to adopt cryptocurrency-specific tools, Latitude uses stablecoins as the settlement layer behind familiar local payment methods. That distinction is central to the company’s expansion thesis. Stablecoins provide a common technology for moving value internationally, while local rails provide the final connection into the financial systems people already use. With $43 million now raised, Latitude is building the licensing, liquidity and payment-network infrastructure required to connect those two layers at greater scale, positioning its platform as the underlying cross-border payments plumbing for businesses operating across multiple countries.