Zynk, a cross-border payment infrastructure company specializing in stablecoins, has successfully raised $5 million in a seed funding round. The round was led by Hivemind Capital and saw participation from notable investors including Coinbase Ventures, Alliance DAO, and others. The funds will be used to expand Zynk's transaction channels, enhance liquidity, and strengthen its technology and compliance infrastructure.
Zynk offers instant cross-border settlement services by integrating fiat and stablecoin channels, eliminating the need for pre-deposit funds. The platform currently supports settlements in six major currencies, such as USD and EUR, and has experienced a 70% average monthly growth since its launch in April. The team includes fintech veterans from Amazon Pay India and Morgan Stanley.
Zynk Secures $5 Million Seed Funding Led by Hivemind Capital
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