Thrilled to double down on Bhanu and Layer2 Financial. Their growth is eye-popping and they have integrated stablecoin/fiat technology together in a way that's actually useful. Their APIs are - by far - the most mature in a rapidly emerging SWIFT-killers market. What's not in the press release is maybe the most impressive: - 2022/2023 banking/crypto crises (through no fault of their own) set the difficulty to "hard mode". They lost revenue, customers, upstream partners. Many founders would have wilted or quit. - They buckled down, stayed lean, built incredible product redundancies, and made some killer hires. - The new product foundation enabled them to grow 10x in 9 months. They are now processing *billions* in $ volume (which directly translates to ARR). Truly a case of a great team first surviving and now thriving in a rapidly expanding market.
Today marks a huge milestone for the Layer2 team — we are incredibly excited to announce that we have secured $10.7 million in our Series A funding round, led by Galaxy Digital Ventures. With this new funding, we are poised to accelerate our efforts in making cross-border payments faster, more transparent, and more secure. You can read all the details in the release linked below. As we step into this next chapter of expansion, we want to extend our deepest gratitude to our incredible team, our partners, and our customers. Your trust and support have been instrumental in our journey. We are just getting started, and the future holds even greater promise. Thank you for being part of our journey. https://lnkd.in/gXjfjWxW
Founder, Lontra Ventures - Investing, building and championing startups.
4moAmit Vasudev the Galaxy team us lucky to learn from you!!!