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Fortune
Fortune
Carlos Garcia

Former Stripe and Coinbase employees raise $8 million for Latitude, a startup whose core product is stablecoin-based ‘Global Payouts’

Latitude Coinbase Stripe United States
three men pose for camera (Credit: Courtesy of Latitude)

When a business sends money internationally, the process can be slow and expensive. This is the gap that Latitude aims to fill by helping firms make fast and affordable international payments by using stablecoin rails while abstracting away the complexity. 

On Tuesday, Latitude announced that it raised $8 million in a round led by NEA with participation from Lightspeed Faction, Coinbase, Paxos, and Solana Foundation, among others. Cyril Mathew, the startup’s CEO, did not disclose the company’s valuation in an interview with Fortune.

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