According to Foresight News, Fortune magazine reported that Layer2 Financial, a cross-border payment infrastructure, 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 clients with compliant payments in multiple currencies, and through its API, clients can receive and send payments in addition to transferring money (including from digital currency to fiat currency and vice versa) using ACH, Fedwire, Swift, SEPA, and tokenized assets. The platform is currently regulated in approximately 34 states in the United States and is also licensed in Canada and Europe.
