Conduit Scores $36M to Make Cross-Border Payments Faster Than Your Ping-Pong Game 🏓💸

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What to Know: Because Sending Money Globally Shouldn’t Be Like Waiting for Water to Boil

  • Conduit, the Boston startup that’s trying to basically become the Fed’s cool kid cousin, just raised a cool $36 million in a Series A to turn cross-border payments into a speed-date, not a slow dance.
  • Led by Dragonfly and Altos Ventures (fancy venture capital folks), with Circle Ventures and Digital Currency Group swooping in, because apparently everyone loves stablecoins now.
  • This platform is the lovechild of crypto and traditional finance—think crypto in your wallet, and fiat at your bank, all in real time. Basically, saving you hours and a few gray hairs. ☠️

So, Conduit is the startup you didn’t know you needed but now can’t live without. They’ve raised $36 million because apparently everyone wants faster, cheaper international money transfers—who knew? Founded in 2021, this Boston-based overachiever is mixing crypto magic with old-school banking to make your business’s money move smoother than a jazz saxophone.

They boast saving over 60,000 hours—yes, hours!—and more than $55 million in fees. Because who doesn’t want to toss out a little cash and win back their weekend?

Stablecoins are basically the fast-food of crypto: quick, reliable, and strangely satisfying. Tied to real-world assets like the U.S. dollar, they’re becoming the new favorite for payments, savings, and sending money in developing countries—think of them as the Uber of currency transfers, but without the awkward small talk.

With this new cash infusion, Conduit plans to invade Asia, Mexico, and pretty much anywhere that needs faster money stuff. And Rob Hadick from Dragonfly will hop on their board, probably to keep everyone from going totally off the rails.

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2025-05-28 17:30