Latitude, founded by Stripe and Uber alums, raises $35 million Series A to convert stablecoins into local payments. Oak HC/FT led the round with participation from NEA, Coinbase, and others.
Amount Raised
$35 Million
Round Type
Series A
ReimsAerospaceInvestors
Description
Latitude, a Texas-based global payments infrastructure company, announced a $35 million Series A funding round led by Oak HC/FT. The round included participation from NEA, Coinbase, Lightspeed Faction, and OpenFX. Founded by industry veterans from Stripe, Uber, Coinbase, and Meta, Latitude enables businesses to use stablecoins to send local currency through bank accounts and mobile wallets. The company plans to expand globally by obtaining regulatory licenses in Southeast Asia, Latin America, and Africa.
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Funding Insights
Based on industry dataLatitude 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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