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Diameter Pay raises $10 million in a Series A round co-led by CMT Digital and Lightspeed Faction to expand global access to the US dollar.

PRIVATESep 03, 20264 days ago

Amount Raised

$10 Million

Round Type

Series A

Jersey CityFinancial ServicesPaymentsFinanceFintechBlockchainCryptocurrencyLending

Investors

Bit Rock CapitalOnigiri CapitalTech Council VenturesStellar Development FoundationSix Thirty VenturesLightspeed FactionCmt Digital

Description

Diameter Pay, a fintech platform, announced a $10 million Series A financing round co-led by CMT Digital and Lightspeed Faction. The funding will facilitate the expansion of access to U.S. dollar payments and virtual accounts worldwide. Supported by several participants, this investment aims to bridge the gap between traditional and digital finance

Company Information

Company

Diameter Pay

Location

Jersey City, New Jersey, United States

About

Diameter Pay is a fintech platform that builds the infrastructure for global U.S. dollar payments and virtual accounts. It provides banks, fintechs, and digital asset exchanges with access to U.S. dollar accounts and payment rails through a single API. The platform supports diverse payment solutions including stablecoin on- and off-ramps, while ensuring embedded compliance controls. Diameter Pay aims to bridge traditional and digital finance to facilitate seamless money movement.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Diameter Pay raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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