TransFi Raises $19.2M to Scale Stablecoin Payment Rails

TransFi Inc. closed a $19.2 million financing round on March 17, 2026. The stablecoin cross-border payments company targets emerging markets where traditional banking moves slow and costs more. Turing Financial Group led the raise.

The round breaks into two parts. Fourteen point two million dollars came in as Series A equity. A separate $5M committed liquidity facility sits alongside it, per the official GlobeNewswire announcement.

Now this is where the numbers start to matter.

Sixteen Times Revenue Growth Since 2024

TransFi grew revenues 16x from its seed round in 2024. The company now serves over 2 million end users and handles payments for 100+ global clients. Those clients run payroll, move vendor payments, and settle cross-border transactions through the platform.

The company projects roughly $5 billion in processed transaction volume for FY2026. That figure is based on current pipeline and expected business conversions, the announcement confirmed.

Strangely, the $1B milestone had already been crossed before this round. TransFi surpassed $1 billion in processed volume just weeks earlier in March, according to a separate GlobeNewswire release. So the $5B target for the full year is the next bar being set.

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Raj Kamal, Co-Founder and CEO of TransFi, told GlobeNewswire that stablecoins are no longer theoretical. Businesses run payroll, shift treasury, and settle cross-border deals on the platform daily. He said markets where traditional rails stay inefficient are exactly where the company operates. The Series A, he added, takes that infrastructure into higher-friction corridors.

TransFi runs in 70+ countries. It handles 250+ local payment methods and supports 40+ fiat currencies. One hundred-plus digital assets run through the same orchestration layer covering collections, payouts, conversion, and settlement.

Where the $19.2M Goes Next

South-East Asia, South Asia, the Middle East, Latin America, and Africa are the corridors getting funded first. Regulatory licensing deepens across those regions. Enterprise merchant acquisition scales up.

The company also plans to grow AI-first operations internally. That covers B2B payments, checkout infrastructure, and stablecoin orchestration. It is not the headline story but it shapes how TransFi runs compliance at high volume.

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Turing Financial Group backs digital payments companies and next-generation financial infrastructure. Their decision to lead this round puts institutional weight behind the stablecoin payments model in emerging markets specifically, not Western corridors.

The B2B commercial payments play is where TransFi sits most directly. Its platform runs as an alternative to correspondent banking and SWIFT-based infrastructure. Fiat and stablecoin rails run together through the same system. Two hundred fifty-plus payment methods, cross-border payroll, treasury, vendor disbursements, all through one layer.

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The stablecoin cross-border payments market is drawing serious capital. This round is one more data point in that direction.