Stablecoin payment startup TransFi completes $19.2 million funding round, led by Turing Financial Group

Jinse Finance reported that stablecoin payment startup TransFi announced the completion of a $19.2 million financing round, led by Turing Financial Group. This round includes $14.2 million in Series A equity financing and $5 million in committed liquidity financing. The new funds will support the company in building cross-border remittance services based on stablecoin settlement channels, aiming to become an alternative to traditional banking and SWIFT transfer processes, while also expanding its liquidity network and obtaining regulatory licenses in more emerging markets.