Today marks a monumental milestone for Layer2 Financial. I am incredibly excited to announce that we have secured $10.7 million in our Series A funding round, led by Galaxy Ventures with key participation from Accomplice. This funding is more than just a financial formality; it’s a testament to the groundbreaking work our team has done and the transformative infrastructure we’ve built at the intersection of digital and traditional fiat.
In founding Layer2, Tarun and I had a clear mission: to revolutionize the way money moves around the globe. This mission drives every innovation, every partnership, and every step we take. With this new funding, we are poised to accelerate our efforts in making cross-border payments faster, more transparent, and more secure.
Over the past year, Layer2 has experienced incredible growth. Our unique approach to payment infrastructure, which seamlessly integrates both fiat and digital currencies, has allowed us to securely move billions of dollars annually. We’ve seen a consistent 20%+ month-over-month increase in transaction processing volumes. Businesses are seeking more efficient, transparent, and compliant ways to issue payments across borders, and we’re delivering on that need.
Our diverse customer base, ranging from non-bank financial institutions and traditional banks to neobanks and enterprise organizations, speaks to the versatility and reliability of our platform. We are proud to support a wide range of use cases as a single-source provider, tackling the complexities of global, cross-border payments with ease.
The Series A funding will fuel several key initiatives at Layer2:
I am particularly excited about the opportunities that lie ahead in the evolution of the payments system. Leveraging digital assets and stablecoins alongside fiat currency presents a unique opportunity to disrupt the traditional payments ecosystem. Our platform is uniquely positioned to make international money movement faster, more transparent, and cost-effective, while maintaining pace with financial innovation.
As we embark on this new chapter, I want to extend my deepest gratitude to our incredible team, our partners, and our customers. Your trust and support have been instrumental in our journey. We are just getting started, and the future holds even greater promise.
Stay tuned for more exciting announcements about new partnerships, customers, and milestones. Together, we are transforming the future of global payments.
Thank you for being part of our journey.
Layer2 Financial (now Rail) has raised a $10.7M Series A led by Galaxy Ventures to power our mission to make instant international payments available to every business, everywhere
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