The stablecoin cross-border payment platform TransFi has completed a $19.2 million financing round, led by Turing Financial Group

According to market news, the stablecoin cross-border payment platform TransFi has completed a $19.2 million financing round, including $14.2 million in Series A equity financing and $5 million in committed liquidity financing. This round was led by strategic investor Turing Financial Group, which focuses on digital payments and financial infrastructure.

It is reported that TransFi uses stablecoins as a settlement rail, providing an alternative to traditional correspondent banks and the SWIFT system for emerging markets. The new funds will be used to expand into Southeast Asia, South Asia, the Middle East, Latin America, and Africa, deepen regulatory license layouts, and expand the liquidity network.