Layer2 Financial, a Toronto, Canada-based regulated payments infrastructure transforming cross-border payments, raised $10.7m in Series A funding round.
This round was led by Galaxy Ventures, with key participation from Accomplice.
The company intends to use the funds for product development, market expansion, tech infrastructure, and talent acquisition.
Led by Bhanu Kohli, CEO and Founder, Layer2 Financial is a global, regulated payments infrastructure that makes cross-border money movement fast, simple, and secure. Its multi-partner platform is designed to provide businesses with compliant payments for multiple currencies. With just one API, you can provide Collections, Pay Outs, FX and more.
Layer2 serves a diverse range of customers including non-bank financial institutions, traditional banks, neobanks, enterprise orgs, and other payments companies.
FinSMEs
31/07/2024