# Conduit

> Conduit is a stablecoin-powered cross-border payments network for businesses. Through a single API it connects banks, local payment rails, and blockchains so companies can move money internationally faster and cheaper than legacy systems like SWIFT. Founded in 2021 by Kirill Gertman and Michael Gregson, the company processes more than $10 billion in annualized payment volume and raised a $36 million Series A in May 2025.

- **Founded:** 2021
- **Headquarters:** Boston, Massachusetts, United States
- **Founders:** Kirill Gertman (Co-Founder & CEO), Michael Gregson (Co-Founder & CTO)
- **Team size:** ~57-63 employees
- **Products:** Cross-Border Payment Network, Payments API, Multi-Currency Accounts, Stablecoin Settlement & Treasury
- **Notable:** Processes $10B+ in annualized payment volume, 16x transaction growth in 2024, Saved clients 60,000+ hours in settlement time

## Products & services

- **Cross-Border Payment Network** — A B2B payment rail that combines instant local payment rails with the efficiency of stablecoins, settling payments across currencies in minutes rather than days.
- **Payments API** — A single API that connects banks, local payment rails and blockchains, letting developers and financial apps embed multi-currency, stablecoin-backed payments.
- **Multi-Currency Accounts** — Business accounts that hold, convert and move funds across USD, stablecoins and 14 local currencies with real-time FX.
- **Stablecoin Settlement & Treasury** — Off-ramp and treasury tooling that converts USD-denominated stablecoins into local fiat across LATAM, Africa and Asia corridors.

## Achievements

- Processes $10B+ in annualized payment volume
- 16x transaction growth in 2024
- Saved clients 60,000+ hours in settlement time
- Generated $55M+ in cumulative fee savings for clients
- Network spans 20+ banks, 14 currencies across 9 countries
- Raised $36M Series A in May 2025 (total funding ~$53M)

## Latest updates

- **2025-05** — Raised $36M Series A co-led by Dragonfly and Altos Ventures, with Circle Ventures, DCG, Sound Ventures and Commerce Ventures participating.
- **2025-05** — Announced plans to expand into Mexico and five new Asian markets and to support a wider range of traditional and digital currencies.
- **2024-12** — Reported 16x transaction growth for 2024 and surpassed $10B in annualized payment volume.

## Links

- Website: https://conduitpay.com
- LinkedIn: https://www.linkedin.com/company/conduit-financial
- Twitter/X: https://twitter.com/ConduitAPI

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Profile page: https://yespress.io/conduit
Published by YesPress — https://yespress.io
Last updated: 2026-07-21