Levl, a platform that supports global payments in fiat and stablecoins, has raised $7m in seed funding.

The round was led by Galaxy Ventures. It also included participation from Protagonist, Deus X, Blockchain Builders Fund, OpenFX, FalconX, CMCC, Variant Fund, and a strategic angel network with leaders from Revolut, Brex, Comun and others.

Levl was spun out of Galaxy Digital in 2023. The company’s founder Sandhu previously worked as an FX trader at AQR.

The platform allows businesses to collect, store, convert and move funds across borders. It supports fiat currencies as well as USDC and USDT.

The company claimed that it enables same-day settlement and supports payouts in more than 75 countries.

In a statement, Levl said that it will use the proceeds to expand product offerings. It listed B2B cross-border transfers, card and stablecoin payment processing, and lending solutions as focus areas.

Levl CEO Jaisel Sandhu said: “Global businesses see the potential of stablecoins to make payments faster and cheaper, but they need solutions that are compliant and easy to use—ones that fit into how they already operate.

“Our mission is to democratise access to modern financial infrastructure by bridging traditional payment systems with these new digital rails. We handle all the technical complexity of blockchain infrastructure behind the scenes, so businesses can process payments and move money instantly across major markets, limiting risk and increasing efficiency.”

Global transactions on its platform have exceeded an annualised volume of $1bn within four months of operation.

It listed use cases across mobile wallets and neobanks, merchants, fintechs, remittance providers, brokers and FX platforms. It also named TerraPay, TapTap Send and Nala as institutional leaders using the platform.

The platform’s international presence spans London, New York, Canada and Switzerland. The company is regulated in Switzerland and Canada.