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

Layer2 Financial's partners can offer clients compliant payments in multiple currencies. Through its API, clients can transfer money using ACH, Fedwire, Swift, SEPA, and tokenized assets, facilitating transactions between digital and fiat currencies. The platform is currently regulated in approximately 34 states in the U.S. and has obtained licenses in Canada and Europe.