Stablecoin payments infrastructure company TransFi has raised $19.2 million to broaden its operations. The total includes $14.2 million in Series A equity and a $5 million committed liquidity facility, with Turing Financial Group leading the round.
The company said the capital will support expansion across South-East Asia, South Asia, the Middle East, Latin America, and Africa. It also plans to deepen regulatory licensing efforts and scale enterprise merchant acquisition. Part of the funding is set aside for AI-first operations and product work tied to B2B payments, checkout infrastructure, and stablecoin orchestration.
Expansion targets markets with heavier payment friction
Raj Kamal, co-founder and CEO of TransFi, said the Series A round gives the company room to scale infrastructure across high-friction markets. He added that the company wants to keep showing that stablecoin-enabled payments are already in use today rather than a future concept.
TransFi presents itself as an alternative to traditional correspondent banking and SWIFT-based systems. The company said it is on track to process roughly $5 billion in transaction volume by the end of fiscal year 2026. At present, it operates in more than 70 countries and supports over 40 fiat currencies and more than 100 cryptocurrencies.
Stablecoin payment adoption continues to expand
The broader market context remains supportive. The report noted that total stablecoin supply has climbed past $315 billion, with Tether still holding the largest share. Other issuers, including Circle, have also been expanding across payment and financial use cases.
Interest from traditional finance has grown as well. Mastercard and Standard Chartered were cited among firms watching the stablecoin sector, while several jurisdictions have started introducing regulatory frameworks and legislation. That combination is giving payment companies in the segment a clearer path for compliant growth.