Checker Raises $8M in Funding Led by Galaxy Ventures

The round also saw participation from strategic financial institutions, including Bitso and Airtm in Latin America, DFS Lab in Africa, and Onigiri Capital, SNZ Capital, and Velocity in Asia. Additional investors included fintech operators from Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage, Superstate, and more.

The company plans to use the funding to expand its global payments network and reduce reliance on traditional correspondent banking systems.

Stablecoins and tokenization can make financial systems faster, cheaper, and more reliable, but widespread adoption still faces challenges like fragmented liquidity, operational complexity, and regulatory hurdles. Today, institutions often have to combine multiple providers to access crypto and stablecoin markets, which creates systems that are hard to manage and scale.

Checker solves this by offering a single API that lets financial institutions build and scale products for trading, payments, treasury and credit across global markets. Its network provides access to liquidity, fiat on and off-ramps, and payment rails, removing the need to integrate multiple providers.

The team also plans to build embedded borrowing and lending features that improve capital efficiency and reduce the need for customers to pre-fund accounts, using the fast settlement capabilities of stablecoins. In addition, the company will launch AI-powered agents for treasury management, back-office operations, and predictive analytics to help financial institutions operate more efficiently and at scale.

Over the past year, Checker has onboarded institutional clients, including Rail (now acquired by Ripple), Braza Bank in Brazil, and Belo in Argentina. The company has scaled to $3 billion in total processing volume, representing about 1% of global B2B stablecoin payments.

Checker’s volume comes from 30 regulated financial institution customers across the U.S., Europe, Latin America, Africa, and Asia. Its network now supports 75 global currencies and powers services such as foreign exchange, payments, collections, virtual accounts, and trading products worldwide.

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"Financial institutions globally are converging on stablecoins as core infrastructure but fragmentation across liquidity, rail's and compliance slows adoption," said Will Nuelle, General Partner at Galaxy Ventures. "Checker is building the connective tissue that bring's market participant's together into a unified platform."

"The friction points in fiat on-ramps and off-ramps remain the hardest problem to solve. Checker addresses this with a novel orchestration layer that organizes fragmented stablecoin liquidity into a programmable, compliant network," said Omar Laalej, General Partner at Al Mada Ventures. "With their customer bases growing rapidly across the emerging markets, especially Africa, we didn't hesitate to back this exceptionally lean, top-tier founding team."

"Checker's network has been instrumental to our business. Their plug-and-play infrastructure supercharges our trading and treasury plumbing," said Bhanu Kohli, former CEO and Cofounder of cross-border payments company Rail, which Ripple recently acquired.

"We have spent our careers dealing with the existing financial plumbing inside 24/7 global financial institutions. We've experienced how broken it is, and know how much better it can and should be," said Jack Chong, Cofounder of Checker. "This funding allows us to accelerate our mission to enable financial institutions from Brazil and Kenya, to Hong Kong and the United States, to transform how foreign exchange, payments, trading, and investment products are built. We are incredibly grateful for our customers and investors' trust."

About Checker

Founded by Jack Chong, Nathan B. Crocker, Justin M., and Michael Zaczyk, Checker unifies fragmented digital asset markets for financial institutions worldwide. It's single API enables institutions to access stablecoin liquidity, cross border payments, treasury services and credit products in a single place.

More than 30 regulated financial institutions—including B2B payments providers, remittance companies, FX banks, and trading firms—use Checker to access efficient global stablecoin FX liquidity, named accounts, and payment rails without integrating multiple providers.

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