Latitude raises $35M Series A for stablecoin payments
What's the deal? Latitude, a stablecoin payment infrastructure company, has raised a $35 million Series A round. Oak HC/FTDealroom has a profile for this one. Try Dealroom → led the round, with participation from NEA, Coinbase, Lightspeed FactionDealroom has a profile for this one. Try Dealroom →, and OpenFX.
What's the endgame? The company builds infrastructure for stablecoin-based payments. It previously closed an $8 million seed round.
What's the money for? The funding will expand Latitude's compliance, engineering, legal, and sales teams.
Why does the round stand out? The $35 million is large for the stage. Among US fintech Series A rounds tracked in our database, it ranks in the 95th percentile by size across more than 3,000 deals.
The signal: Coinbase's participation, alongside dedicated fintech investors, points to growing institutional appetite for stablecoin payment rails. A well-funded Series A at this scale suggests investors see infrastructure — not just tokens — as the next battleground in crypto payments.
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