Providing global payment solutions for digital wallets and fintech companies.
Annual transaction volume exceeds $1 billion... Full-scale expansion into Central and South America and Africa.
The stablecoin payment infrastructure market is rapidly growing, ushering in an era of borderless finance.
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Stablecoin payment infrastructure company Levl announced on the 11th (local time) that it has completed a $7 million seed round of investment led by Galaxy Ventures.
This investment round was participated by major venture capital firms including Galaxy Ventures, Protagonist, Deus X, and Blockchain Builders Fund.
Galaxy Ventures is the venture capital arm of Galaxy Digital, a virtual asset investment firm known for focusing its investments in blockchain infrastructure and financial services.
“This investment is proof that stablecoins are becoming a core infrastructure in the global payments market,” said Level’s founder. “We plan to use the investment to double the size of our team and expand our service area.”
Rebel is a B2B infrastructure platform that helps digital wallets and fintech companies easily build global payment services utilizing stablecoins.
Previously, fintech companies offering cross-border remittance services had to individually integrate with each country's banking systems, regulations, and payment networks. This process required enormous development costs and time, and also resulted in high remittance fees.
Rebel's platform simplifies this complex process. Fintech companies can simply integrate Rebel's application programming interface (API) to instantly offer global payment services that leverage both stablecoins and traditional banking systems.
The company explains that utilizing stablecoins can significantly reduce fees compared to traditional bank transfers and shorten transfer times from days to minutes.
Rebel currently counts over 20 digital wallets and fintech companies as clients, and its annual transaction volume (annualized) has already surpassed $1 billion (KRW 1.4507 trillion).
The fact that this achievement occurred just one to two years after its launch demonstrates the rapidly growing market demand for stablecoin payments. Interest in stablecoin-based payment services is particularly strong in emerging markets, where remittance fees are high and banking infrastructure is weak.
“Our platform allows our clients to offer cross-border payment services instantly and at a low cost without having to build complex systems themselves,” said Level’s founder. “We anticipate explosive growth, especially in emerging markets like Latin America and Africa.”
Level plans to use this investment to double its team size and accelerate its expansion into the Central and South American and African markets.
Joohoon Choi joohoon@blockstreet.co.kr
