Funding news · Sep 9, 2026
Latitude Raises $35M Series A Led by Oak HC/FT for Stablecoin Cross-Border Payments
Latitude Raises $35M Series A Led by Oak HC/FT
Latitude, a global payments infrastructure company that uses stablecoin rails to settle cross-border business payments into local fiat currencies, has raised a $35 million Series A. The round was led by Oak HC/FT and dated September 9, 2026.
Investors
The Series A included participation from:
- Oak HC/FT (lead)
- Wilson Sonsini
- Lightspeed Faction
- NEA
- Coinbase Ventures
- OpenFX
The mix of traditional venture firms and crypto-native investors reflects Latitude's position at the intersection of payments infrastructure and stablecoin settlement.
What Latitude Does
Latitude's flagship product, Global Payouts, lets US businesses send funds to individuals across more than 50 countries. Key features include:
- Near-instant local-currency settlement
- A flat 50bps fee
- Interbank FX rates
The company also operates the Latitude Liquidity Network, which offers embeddable on/off ramps for fintechs and digital wallets. That product extends Latitude's reach beyond direct business payouts into the infrastructure layer that other financial applications can build on.
How It Works
Latitude uses stablecoin rails to move value across borders, then settles into local fiat currencies. This approach is designed to address common pain points in traditional cross-border payments: slow settlement times, opaque FX pricing, and layered fees.
By settling in local currency with near-instant timing and pricing at a flat 50bps with interbank FX rates, Latitude positions itself as a lower-cost, faster alternative to conventional correspondent banking rails.
Founding Team
Latitude was founded in 2024 by payments veterans from:
- Stripe
- Coinbase
- Uber
- Meta
- Zero Hash
The pedigree of the founding team is notable given the operational complexity of cross-border payments and stablecoin settlement. Experience from Stripe and Coinbase in particular maps directly to the company's core business.
Why This Round Matters
A $35 million Series A is a substantial early-stage raise, and the lead investor, Oak HC/FT, focuses on fintech and healthcare. For acquisition watchers, several factors stand out:
- Infrastructure positioning. Latitude is not just a consumer app; it provides rails that other businesses and fintechs can embed.
- Stablecoin settlement. The company is built on stablecoin rails, a category that has attracted significant strategic interest from payments incumbents and crypto-native platforms alike.
- Global reach. Coverage of 50+ countries with local-currency settlement gives Latitude a broad footprint from an early stage.
- Dual product lines. Global Payouts serves businesses directly, while the Latitude Liquidity Network serves fintechs and digital wallets, creating both direct and platform revenue channels.
- Experienced founders. A team drawn from Stripe, Coinbase, Uber, Meta, and Zero Hash brings relevant operating experience.
Context
Cross-border business payments remain a large and fragmented market, with traditional rails often slow and expensive. Stablecoin-based settlement has emerged as an alternative approach, and companies that can combine stablecoin rails with reliable local fiat settlement may be well positioned as the category matures.
Latitude's flat 50bps fee and interbank FX rates are straightforward pricing propositions that contrast with the layered fees common in traditional cross-border payments. The embeddable on/off ramps extend the model to partners who want to offer similar capabilities without building the infrastructure themselves.
Summary
Latitude has raised a $35 million Series A led by Oak HC/FT, with participation from Wilson Sonsini, Lightspeed Faction, NEA, Coinbase Ventures, and OpenFX. The round is dated September 9, 2026. The company uses stablecoin rails to settle cross-border business payments into local fiat currencies, serving US businesses sending funds to individuals across 50+ countries through its Global Payouts product, and offering embeddable on/off ramps to fintechs and digital wallets through its Latitude Liquidity Network.