According to Foresight News, cross-border payment infrastructure Layer2 Financial has completed a $10.7 million Series A financing round led by Galaxy Ventures, with participation from Accomplice and Sapphire Ventures. The company plans to use the funds to advance its product development, expand in new jurisdictions, and expand its team.

Layer2 Financial's partners can provide customers with compliant payments in multiple currencies. Through its API, customers can transfer currencies using ACH, Fedwire, Swift, SEPA, and tokenized assets, as well as receive and send payments. The platform is currently regulated in approximately 34 states in the United States and is also licensed in Canada and Europe.