Conduit Secures $36 Million to Revolutionize Cross-Border Payments

By: Eliza Bennet

In a significant development for the financial technology landscape, Boston-based cross-border payments company, Conduit, has successfully raised $36 million in a Series A funding round. This financial boost, led by prominent investors such as Dragonfly and Altos Ventures, marks a pivotal step in scaling Conduit's innovative payment system and expanding its currency offerings across both fiat and stablecoin platforms.

Conduit positions itself as a modern alternative to the well-established SWIFT messaging network, which has been a staple in bank wire transfers for decades. By leveraging the advantages of stablecoins alongside local fiat currencies, Conduit aims to facilitate near real-time cross-border settlements. The company's cutting-edge approach is gaining traction amidst a backdrop of rising institutional interest and the growing use cases for stablecoins in 2025.

The CEO of Conduit, Kirill Gertman, emphasized the limitations of traditional cross-border payment systems and the necessity to fulfill the evolving demands of contemporary businesses. By offering a rapid and reliable solution, Conduit addresses the inefficiencies faced by traditional banking systems, promising a transformation in how global financial transactions are executed.

This development is not only crucial for financial institutions but also represents a broader trend of fintech companies steering towards crypto infrastructure. As stablecoin companies continue to attract investor interest, Conduit's recent success underscores the readiness of financial markets to embrace new technologies that promise speed, efficiency, and transparency. This funding round, therefore, heralds a significant shift in the cross-border payments arena, paving the way for innovative solutions that challenge existing infrastructures.