October 23, 2024
Borderless.xyz, an blockchain-based stablecoin payments platform, has successfully raised $3 million in a pre-seed funding round led by Amity Ventures. This latest investment increases the total capital raised by the company to $3.3 million, marking a significant step forward in its mission to enhance payment solutions for stablecoins, real-world assets, and fiat currencies.
In conjunction with this funding, CJ Reim, Managing Partner at Amity Ventures, will join Borderless.xyz’s board of directors, further solidifying the partnership between the two entities. The round also garnered support from nine angel investors, including notable figures such as Anton Katz, founder of Talos, and Michael Shaulov, founder of Fireblocks.
Borderless.xyz operates in 50 countries, supporting 23 currencies, and aims to leverage this new funding to accelerate its global growth. The company plans to hire additional engineers and enhance liquidity within its stablecoin payments network. CEO Kevin Lehtiniitty emphasized that Borderless.xyz is focused on creating a new payments network that integrates liquidity from stablecoin-enabled financial institutions worldwide across various blockchains. This innovative approach aims to facilitate instantaneous money transfers across its unified network, similar to the way Visa transformed traditional banking practices. The company’s strategic goal is to empower products and platforms to build global cross-border payment solutions utilizing its robust infrastructure.
About Borderless.xyz
Borderless.xyz is a blockchain-based platform designed for payments in stablecoins, real-world assets, and fiat currencies. Operating in 50 countries and supporting 23 currencies, the company aims to connect liquidity from stablecoin financial institutions globally, facilitating cross-border transactions.
X: @borderlessxyz
X Followers today: 125
About Investor
Amity Ventures
Amity Ventures is a venture capital firm focused on early-stage investments in technology-driven companies. The firm specializes in innovative solutions and has a keen interest in sectors like blockchain, fintech, and artificial intelligence.
Location: San Francisco, CA
Website: https://www.amity.vc/
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