Conduit Secures $36M to Revolutionize Cross-Border Payments with Stablecoins

Conduit, a cross-border payments platform powered by stablecoins, announced the closing of a $36 million Series A funding round. Co-led by Dragonfly and Altos Ventures, the round included participation from Sound Ventures, Commerce Ventures, DCG, Circle Ventures, and existing backers Helios Digital Ventures and Portage Ventures.

This investment underscores Conduit’s mission to deliver a faster, more affordable, and programmable global payments infrastructure that bridges crypto-native and traditional finance systems.

1. $36M Series A to Fuel Global Expansion

Conduit will use the capital to expand into new markets and integrate more fiat and digital currencies into its real-time payment rails.
The company already connects with banks across North America, Latin America, Europe, Africa, and Asia.

2. Explosive Growth and Client Savings

From 2023 to 2024, Conduit saw 16x growth in transaction volumes.
Clients have saved 60,000+ hours in settlement times and over $55 million in fees.
The platform enables real-time, secure, and efficient global payments, solving legacy system inefficiencies.

3. Robust Technology and Market Fit

Direct partnerships with two dozen global banks allow near-instant settlements.
Integrated with traditional rails like SWIFT, ACH, FedWire, and local systems in emerging markets (e.g., Nigeria, Colombia, China).
Offers AML, sanctions screening, and transaction monitoring for compliance-ready operations.

4. Solving Real-World Pain Points

Enables businesses to seamlessly transition between stablecoins and local currencies, overcoming issues like:
- SWIFT restrictions
- Limited USD access
- Slow settlements and high fees
- Poor fiat-crypto interoperability

5. Leadership and Strategic Backing

Kirill Gertman, CEO: “We’re building next-gen global payments infrastructure to promote fairer economic opportunities.”
Rob Hadick of Dragonfly joins the board: “Conduit is the future of cross-border payments—stablecoins make it real.”

Conduit’s $36 million Series A funding marks a pivotal moment in the transformation of global payments. By combining stablecoin innovation with deep banking integrations, Conduit is bridging the gap between traditional finance and the digital economy. With over 100 clients, 105% YoY growth, and a rapidly expanding footprint, Conduit is set to become a key infrastructure player in modern cross-border finance.