strong buy
Conduit Secures $36M to Expand Cross-Border Payments and Advance Stablecoin Tech
The cross-border payments startup Conduit has secured $36 million in a Series A funding round. The lead investors included Dragonfly and Altos Ventures, with additional support from Circle Ventures and Digital Currency Group. This funding will enable Conduit to expand its services into Asian and Mexican markets and to speed up the development of stablecoin-based cross-border payment solutions that surpass traditional SWIFT technology.
Source available for registered users Sign Up Free
AI Analysis
The recent funding round for Conduit signifies strong investor confidence in its innovative approach to cross-border payments. Led by notable venture firms such as Dragonfly and Altos Ventures, the ca...
AI Recommendation
Given the substantial investment and strategic focus of Conduit on expanding and innovating cross-border payments, this company appears to be moving in a promising direction. Investors with an appetit...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
trade
buy on weakness