The stablecoin boom has promised to make global commerce faster and cheaper by easing cross-border money transfers. But delivering on that promise remains complicated, as businesses still have to juggle banks, payment providers, and a patchwork of regulations. New York-based startup Mural wants to fix that problem by offering businesses one place to manage international payments, rather than having to piece together the system themselves.
Cofounded by former Palantir engineers Sinclair Toffa and Chris Fernandes in 2022, Mural announced Tuesday that it has raised a $15 million Series A funding round. The startup plans to use the funds to further build out its platform, which allows customers—including payroll providers, software companies and fintechs—to rely on a single account that can hold traditional dollars, local currencies, and stablecoins.
