Building the payment plumbing that moves money across borders on stablecoin rails - in the markets where banks and SWIFT still crawl.
TransFi belongs to a small class of companies whose product almost nobody sees. When a factory in Jakarta pays a supplier in Shenzhen, or a family in Manila receives money from a relative abroad, the transaction rides infrastructure that is deliberately invisible. TransFi wants to be that infrastructure - and it has chosen the hard version of the job.
The company, founded in 2022 and headquartered in Dubai, moves money across borders using stablecoins as the settlement layer. Its platform handles three basic motions: taking money in (Collections), sending money out (Payouts), and converting between fiat and digital assets (Ramp). Businesses and Web3 platforms plug in through a single API and get access to more than 250 local payment methods across 100-plus markets.
The pitch is a reaction to a specific frustration. Traditional cross-border payments travel through a chain of correspondent banks and the SWIFT messaging network, where each hop adds cost and delay. For large corporate flows in wealthy markets, that friction is tolerable. For a freelancer in Lagos or a small importer in Ho Chi Minh City, it is not.
TransFi's answer is to settle on stablecoins - dollar-pegged tokens that move on public blockchains in seconds - and then hand recipients local currency through whatever payment rail they already use. The blockchain is a means, not the point. Most end users never learn a stablecoin was involved.
That focus on emerging markets is the company's defining bet. Rather than compete head-on in the crowded US-Europe payment lanes, TransFi points its infrastructure at Southeast Asia, South Asia, the Middle East, Latin America and Africa - regions it describes as high-friction, and where it argues the incumbent rails are least efficient.
Businesses accept payments through 250+ local methods - bank transfers, e-wallets, cards and stablecoin settlement - from a single dashboard, with instant settlement in fiat or stablecoins.
Automated bulk payouts to vendors, freelancers and staff in 40+ currencies and stablecoins - the payroll and remittance layer for globally distributed teams.
A fiat-to-crypto aggregator that sources liquidity from 10+ exchanges and 300+ payment methods to price each on- or off-ramp competitively.
Multi-currency wallets to hold, send and convert fiat and digital assets, with real-time payouts wired into the same platform.
The customers TransFi describes are the ones the legacy system serves worst: small businesses collecting from overseas buyers, gig workers waiting days for cross-border pay, and families sending remittances into India, the Philippines, Vietnam and across Africa. For them, the cost is measured in both fees and time.
By settling on stablecoin rails and delivering local currency at the last mile, TransFi compresses multi-day transfers into near-instant ones and strips out layers of intermediary cost. Its customers are businesses, corporates, institutions and Web3 platforms - and behind them, a reported 200,000-plus active users.
In March 2026 TransFi raised a $19.2M Series A - $14.2M in equity plus a $5M committed liquidity facility - led by Turing Financial Group, with Blockchain Founders Fund, Cambrian Fintech, Dubai Future District Fund and Everywhere Ventures among the backers. The company says revenue has grown 16-fold since its 2024 seed round.
Before TransFi, Raj Kamal spent two decades in payments, including a stint as a partner at McKinsey running the firm's payments practice across Asia Pacific from Singapore. He first encountered blockchain and crypto in 2015 while handling investments and M&A at Naspers/Prosus. TransFi is the company built from that vantage point - a bet that the friction he spent years diagnosing could be engineered away.
"Small businesses and individuals struggle to receive money from overseas. It's expensive and slow - whether it's remittances to families in India, Philippines, Vietnam, or Africa."
Raj Kamal"We believe [stablecoins] are the best form of money invented to date. They can solve many real problems in cross-border payments."
Raj Kamal"This Series A allows us to scale our infrastructure across high-friction markets and continue proving that stablecoin-enabled payments are not the future, they are already happening."
Raj KamalRather than crowd the US-Europe lanes, TransFi concentrates on high-friction corridors in Asia, the Middle East, LATAM and Africa, where incumbent rails are weakest.
Collections, conversion and payouts in a single integration - covering both fiat and stablecoin rails - rather than a single point solution.
The blockchain is the settlement layer, not the user experience. End users transact in local currency and often never see a token.
KYC verification, AI-based fraud monitoring and market-by-market licensing (including a Lithuanian virtual-asset license) underpin the network.
The neighborhood. On the traditional side, TransFi's alternatives are cross-border providers such as Wise, Airwallex, Thunes and Nium. On the stablecoin side, it sits near Bridge (now part of Stripe), MoonPay, Transak, Alchemy Pay and Conduit. Its wedge is the combination: full-stack collect-convert-pay coverage aimed squarely at the markets those players tend to serve last.
Raj Kamal incorporates TransFi as a Delaware C-Corp to move money across borders on stablecoin rails.
Acquires a virtual-asset exchange license in Lithuania, launches Ramp, and closes a seed round.
Launches one API for collections, conversion and payouts; revenue begins its rapid climb.
Crosses 1M users and launches BizPay Pro for enterprise global transfers.
Launches conversational-AI product BizPay, then raises a $19.2M Series A led by Turing Financial Group.
It provides cross-border payment infrastructure that lets businesses collect, convert and pay out funds across fiat and stablecoin rails through a single API, spanning 100+ markets and 250+ local payment methods.
TransFi was founded in 2022 by Raj Kamal, a former McKinsey payments partner, and is headquartered in Dubai, UAE.
It raised a $19.2M Series A in March 2026 - $14.2M in equity plus a $5M liquidity facility - led by Turing Financial Group, following an earlier seed round.
Collections, Payouts, Ramp (on/off-ramp), Business Wallet, Checkout, a unified API, and the BizPay and BizPay Pro transfer products.
Businesses, corporates, institutions and Web3 platforms use it for cross-border collections, payouts, payroll and treasury; the platform reports 200,000+ active users and over $1B in processed volume.