Latitude said it has completed a $35 million Series A funding round led by Oak HC/FT, with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX, as the company expands its stablecoin-based cross-border payments business.

Latitude described itself as a cross-border stablecoin payment infrastructure company focused on helping businesses send fiat currency to users in emerging markets through stablecoins. According to the company, recipients can access funds through local payment methods including bank accounts and mobile wallets.

The round was led by Oak HC/FT and included NEA, Coinbase, Lightspeed Faction, and OpenFX. Latitude said the company was co-founded by former executives from Stripe, Uber, Coinbase, and Meta, a detail that places the startup in a growing group of crypto payment firms built by operators with both fintech and large-platform backgrounds.

Latitude said it is licensed in 45 U.S. markets and plans to broaden its regulatory footprint in Southeast Asia, Latin America, and Africa. The company currently has a 15-person team and said the fresh capital will be used to expand its compliance, engineering, and sales functions.

The announcement points to continued investor interest in stablecoin infrastructure tied to real-world payment use cases. Rather than focusing on token issuance alone, the company’s model is built around moving value across borders while connecting stablecoin rails to local fiat payout systems.

Why It Matters

The funding highlights where stablecoin adoption is finding practical traction: cross-border transfers, settlement, and access to local payment networks. That part of the market has drawn sustained attention because it addresses a clear operational problem for businesses moving funds internationally, especially in regions where payout infrastructure is fragmented.

It also underscores how compliance is becoming central to stablecoin payment expansion. For infrastructure providers, regulatory coverage and local payout access may matter as much as blockchain settlement itself, especially as firms compete to serve institutions and businesses rather than retail users alone.