Layer2 Financial, a Regulated Payments Infrastructure, has raised a $10.7 million Series A funding round led by Galaxy Ventures, with key participation from Accomplice. The new funding will accelerate Layer 2’s mission to revolutionise the way money moves around the globe.
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Layer2 Financial’s plans for the Series A funding include product development, market expansion, tech infrastructure, and talent acquisition to ensure all of those aspects are best in class.
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“This Series A funding is a significant milestone for Layer2 and for cross-border payments,” says Bhanu Kohli, CEO and Founder of Layer2 Financial. “Global payments infrastructure can finally match the speed of business by combining the transparency and immediacy of digital currency with the security of fiat—we’re thrilled to be leading this change.”
“Cross-border B2B payments are fundamentally complex, and Layer2’s approach to solving these challenges is groundbreaking,” adds Mike Giampapa, General Partner at Galaxy Ventures. “The evolution of the payments system, especially leveraging digital assets and stablecoins alongside fiat, presents a unique opportunity that we are very excited to be a part of—LLayer2’s platform is uniquely positioned to disrupt the traditional payments ecosystem, making international money movement faster, more transparent, and cost-effective.”
About Layer2 Financial
Founded in 2021, Layer2 is a next-generation payment infrastructure. Our multi-partner platform is designed to provide payment processors, fintechs, and neobanks with fully compliant collections, payouts, FX, and cross-border payment services. With just one API, you can access all of these services seamlessly and easily.
