London-based FinTech startup Due secures €6.3 million and launches Stablecoin API for borderless funds resolution

Due, a borderless cost startup based by Revolut alumni, has prolonged its Seed spherical to €6.3 million to launch their new API platform, enabling companies to seamlessly entry stablecoin funds as blockchain expertise reshapes world finance.

The spherical was led by Speedinvest, in addition to participation from Semantic, Material Ventures, Strobe Ventures, Polymorphic Capital, and different traders, to additional Due’s mission to permit anybody, anyplace to entry borderless cost rails. This greater than doubles its authentic €2.8 million elevate.

Robert Sargsian, Founder & CEO of Due, says: “Shifting cash internationally nonetheless looks like sending a fax within the age of streaming. With Due, a single API line makes the world one foreign money zone, delivering real-time settlement at truthful FX that’s 5 to 10 instances cheaper than legacy wires.”

Based in 2022, Due empowers companies with a seamless borderless account: a multi-currency account to ship and obtain funds instantly between native and international fiat currencies, in addition to stablecoins.

Alongside this, Due provides an embeddable API designed for FinTech firms. Whether or not Founders are constructing a funds platform, payroll system, crypto pockets, or neobank, they’ll reportedly entry, ship, obtain, and settle world fiat and stablecoin transactions with a single integration. The corporate says their API embeds cross-border monetary infrastructure instantly right into a buyer’s platform, permitting them to scale sooner, unlock new markets, and ship a seamless world expertise to customers.

In each instances, Due provides real-time FX and settlement in 80+ markets with a single integration. That is achieved by stitching collectively native cost rails, liquidity markets, and blockchain networks into one unified infrastructure.

All transactions are routed by way of stablecoin and on-chain rails the place potential, enabling mid-market FX charges and providing financial savings as much as 90% on routine transactions in comparison with conventional banking infrastructure. By eradicating the necessity for a number of banking relationships, foreign money accounts, or regulatory setups, Due goals to show world treasury right into a easy endpoint.

At this time, over 500 firms use On account of transfer cash globally, together with:

• Rainforest Builder (a global reforestation firm) makes use of On account of fund tree‑planting tasks, sending USD and settling in GHS, SLE, ZAR and extra.
• A number of regional neobanks now faucet Due’s rails to supply prospects digital EUR and USD wallets, unlocking seamless, low‑price worldwide remittances.
• Prolonged (based by former Revolut workforce members and now one of many quickest‑rising perpetual exchanges) is constructing immediate, compliant on‑ and off‑ramps for merchants in additional than 80 nations utilizing Due’s platform.
• A Mexico-based importer pays Chinese language suppliers similar‑day by way of stablecoin rails, avoiding pricey SWIFT legs.
• Neverless (a crypto funding platform with zero charges, additionally ex-Revolut) leverages On account of allow immediate on-ramp in high-value, rising markets, comparable to UAE and Mexico.
• Ledn (a number one digital lending platform) leverages Due’s payouts characteristic for mortgage distributions to its prospects worldwide.

Olga Shikhantsova, Associate at Speedinvest, says: “Cross-border funds stay one of the vital stubbornly damaged items of worldwide finance – and stablecoins are right here to repair it. Due is fixing this not with one other app, however with infrastructure: a single, compliant API that simplifies transactions throughout each fiat and stablecoin rails. We backed the workforce early on and are excited to now lead this spherical as they scale the platform into a real world commonplace.”

The recent capital will probably be used to increase and scale Due’s International Stablecoin APIs, enabling sooner, broader entry to real-time settlement infrastructure. Due goals to extend its protection to over 100 nations when it comes to funds rails and currencies by the tip of the yr.

Due can even construct extra cost options, together with invoices, playing cards and yield accounts, and rent engineering and compliance expertise to help its exponential progress accordingly.