Stablecoin infrastructure startup Levl has successfully closed a $7 million seed funding round, led by Galaxy Ventures. The round saw participation from Protagonist, Deus X, and Blockchain Builders Fund. Levl specializes in providing stablecoin payment infrastructure for digital wallets and fintech companies, boasting an annualized transaction volume of over $1 billion across more than 20 clients.
The company aims to facilitate cross-border instant payments at reduced costs, eliminating the need for clients to develop complex systems. With the new funding, Levl plans to double its team and expand its operations into the Latin American and African markets.
Levl Secures $7M Seed Funding to Expand Stablecoin Infrastructure
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