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Pantera Leads $25 Million Series A for Coinflow to Expand Stablecoin Merchant Payouts

The Chicago startup aims to speed merchant settlement with dollar-backed tokens.

Overview

  • Coinflow closed a $25 million funding round led by Pantera Capital, with participation from Coinbase Ventures, Jump Capital, CMT Digital, The Fintech Fund and others.
  • The company says revenue has grown 23-fold since 2024, its stablecoin payment support spans more than 170 countries and annual transaction volume is in the multibillion-dollar range.
  • Management plans to extend payout coverage in Asia and Latin America, add hiring in the U.S. and Europe, and boost transaction approval rates.
  • Coinflow provides PSP infrastructure for businesses to accept and send money using stablecoins such as USDC, offering instant settlement, chargeback protection and AI-driven fraud prevention.
  • The firm positions itself against incumbents like Stripe and Worldpay, and cites bank and issuer partnerships, including Cross River and direct mint-and-burn capabilities, to speed conversions and settlement.