A company that provides the infrastructure for cross-border payments, today announced it has closed a Series A funding round. Layer2 Financial raised $10.7 million, led by Galaxy Ventures, with participation from Accomplice and Sapphire Ventures, and intends to use the money to further its plans to “revolutionize the way money moves around the globe," the company said in a statement.
Layer2 Financial, a Toronto-based company, securely moves billions of dollars of both fiat and digital currencies across the world each year. Layer2’s customers include non-bank financial institutions, traditional banks, neobanks (also known as fintechs, such as Revolut and Monzo), enterprise organizations, and other payments companies.
