London-based fintech startup Due has announced the launch of its cutting-edge Stablecoin Payments API, alongside an extension of its seed funding round to $7.3 million.
Founded in 2022 by Revolut alumni, Due aims to dismantle the inefficiencies of traditional cross-border payments by leveraging blockchain technology and stablecoins, offering businesses a cost-effective solution for global transactions.
This dual milestone underscores Due’s ambition to redefine how money moves across borders, making it as fast and accessible as sending an email.
The newly launched Stablecoin Payments API is useful for businesses operating in an increasingly globalized economy.
Stablecoins—digital currencies pegged to stable assets like the US dollar or Euro—enable low-cost transactions without the volatility associated with cryptocurrencies like Bitcoin.
Due’s API integrates local payment rails, liquidity markets, and blockchain networks into a single, developer-friendly endpoint, allowing businesses to send, receive, and settle payments in over 80 countries.
Whether it’s a fintech building a neobank, a payroll provider streamlining international salaries, or an e-commerce platform optimizing cross-border remittances, Due’s API simplifies global treasury operations.
Transactions settle in seconds, slashing fees by up to 80% compared to traditional banking systems, which often charge 4-6% for cross-border processing.
With support for virtual accounts in USD, EUR, GBP, and more, plus compatibility with stablecoins like USDC and USDT, Due empowers businesses to move funds at “internet speed” while maintaining robust compliance through built-in KYC and AML tools.
The $7.3 million seed extension, led by Speedinvest and supported by investors like Semantic, Fabric Ventures, Strobe Ventures, and Polymorphic Capital, roughly doubles Due’s initial $3.3 million raise in 2023.
This capital injection will fuel the company’s aggressive expansion plans, including scaling its API infrastructure to cover over 100 countries by year-end and developing additional payment solutions like invoices, cards, and yield accounts.
Due also aims to bolster its engineering and compliance teams to support its growing client base, which includes over 500 companies.
Notable users include Rainforest Builder, which funds tree-planting projects in currencies like GHS and ZAR, and regional neobanks offering virtual EUR and USD wallets for low-cost remittances.
The timing of Due’s advancements aligns with a shift in finance.
Stablecoins settled over $11 trillion on-chain in 2022, rivaling Visa’s transaction volume, and their adoption is accelerating in emerging markets where legacy banking systems are costly and slow.
By routing transactions through stablecoin and on-chain rails whenever possible, Due offers mid-market FX rates, saving businesses up to 90% compared to traditional wires.
Olga Shikhantsova, Partner at Speedinvest, emphasizes the platform’s potential:
“Cross-border payments remain one of the most stubbornly broken pieces of global finance—and stablecoins are here to fix it. Due is solving this with infrastructure, not just another app. As blockchain technology reshapes financial systems, Due’s non-custodial platform ensures clients retain full control of their assets.”
The company’s focus on underserved markets, including Latin America, and Asia-Pacific, positions it to hopefully democratize access to global liquidity.
With its Stablecoin API now live and fresh capital in hand, Due is focused on making borderless payments faster, cheaper, and more inclusive.
For businesses ready to embrace this evolution, Due’s API is offering a gateway to a world where payments are made across borders in a frictionless manner.