Latitude Raises $35 Million to Enable Stablecoin-to-Local Payments
Texas-based payments infrastructure company Latitude has raised $35 million in a Series A funding round led by Oak HC/FT, with participation from NEA and Coinbase. The startup aims to bridge the gap between stablecoins and local payment methods such as bank accounts and mobile wallets, particularly for users in emerging markets who struggle converting digital assets into usable currency. Founded by industry veterans Cyril Mathew (CEO), Brian Wrightson, and Vivek Morzaria—alumni of Stripe, Uber, Coinbase, and Meta—Latitude provides infrastructure to businesses like neobanks, payroll platforms, and marketplaces. The company plans to expand globally with regulatory licenses in Southeast Asia, Latin America, and Africa. The funding follows an $8 million seed round and will be used for hiring across compliance, engineering, legal, and sales teams while maintaining its U.S.-based licensing.
Topics: neobanks payments infrastructure Series A funding stablecoins