Levl, a unified platform powering fiat and stablecoin global payments, announced this week it has closed $7 million in seed funding. The round was led by Galaxy Ventures with participation from Protagonist, Deus X, Blockchain Builders Fund, OpenFX, FalconX, CMCC, Variant Fund, and a strategic angel network including leaders from Revolut, Brex, Comun, and others.
The global cross-border payments market is demonstrating explosive growth: transaction volumes are projected to reach $320 trillion by 2032. But global payments remain constrained by legacy financial infrastructure, resulting in slow settlement, fragmented money movement, excessive intermediaries, and inflated FX costs.
Levl’s infrastructure makes stablecoin-powered payments accessible, compliant, and operationally seamless for traditional businesses. The platform enables businesses to collect, store, convert, and move currencies across borders, supporting both fiat and stablecoins (USDC, USDT). It unlocks the speed and cost advantages of the blockchain without the burden of building in-house, turning years of development into days.
“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,” said Levl CEO Jaisel Sandhu. “Our mission is to democratize 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.”
The company notes that global transactions have topped an annualized volume of $1 billion, within just four months of operation.
Spun out of Galaxy Digital in 2023, Levl was founded by Sandhu, a former FX trader at AQR. The collective team’s experience includes major financial institutions such as PayPal, Deutsche Bank, London Stock Exchange Group, RBC, BlackRock, AQR, Brevan Howard, and Galaxy Digital.
The new capital will support the expansion of Levl’s product offerings, which include B2B cross-border transfers, card and stablecoin payment processing, and lending solutions. Levl’s international presence currently spans London, New York, Canada, and Switzerland.