WalaPay Raises $4.6M Seed Round for Cross-Border Stablecoin Payments
The payments infrastructure startup, which says it processes $2.5 billion in annualized volume across Latin America, Africa, and Asia, closed a seed round led by Generative Ventures.
AfroEuropa Newsroom
AfroEuropa desk
WalaPay, a company building payments infrastructure for account issuance, currency exchange, collections, and payouts, has closed a $4.6 million seed round, according to a press release carried by BitKE.
The round was led by Generative Ventures, with participation from Commerce Ventures, Polygon, Verda Ventures, NGC Ventures, FGV Capital, AAF, Jsquare, Knollwood, Big Brain Holdings, and others.
Founded by brothers Tom and Dimitri Borgers, WalaPay offers enterprises, fintechs, payment service providers, and financial institutions a single API to move money across currencies and geographies. The company integrates directly with local payment rails across Latin America, Africa, and Asia.
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