Checker, a digital asset infrastructure company focused on stablecoin liquidity and cross-border financial services, announced it has raised $8 million in funding from Galaxy Ventures, Al Mada Ventures, and Framework Ventures.
Additional participants in the round included strategic financial institutions such as Bitso and Airtm in Latin America, DFS Lab in Africa, and Onigiri Capital, SNZ Capital, and Velocity in Asia. The round also included fintech operators from companies including Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage, and Superstate.
Checker provides financial institutions with a single API that connects them to stablecoins and digital asset liquidity, cross-border payments, treasury services, and credit infrastructure. The company aims to address liquidity fragmentation, operational complexity, and compliance challenges that institutions face when accessing crypto and stablecoin markets.
According to the company, its initial stablecoin liquidity product scaled from zero to $3 billion in total processing volume over the past 12 months. Checker said its institutional client base includes Rail, which was recently acquired by Ripple, Braza Bank in Brazil, and Belo in Argentina.
The company said its network now supports 75 global currencies and powers foreign exchange, collections, payouts, virtual accounts, and trading products worldwide. Checker added that it currently serves more than 30 regulated financial institutions across the United States, Europe, Latin America, Africa, and Asia.
Checker plans to use the funding to expand its global payments infrastructure and reduce reliance on traditional correspondent banking systems. The company also intends to develop embedded borrowing and lending capabilities designed to improve capital efficiency and reduce pre-funding requirements through stablecoin settlement infrastructure.
In addition, Checker said it plans to launch AI-powered agents focused on treasury management, back-office operations, and predictive analytics for financial institutions.
KEY QUOTES:
“Checker’s network has been instrumental to our business. Their plug-and-play infrastructure supercharges our trading and treasury plumbing.”
Bhanu Kohli, Former CEO and Cofounder, Rail
“We have spent our careers dealing with the existing financial plumbing inside 24/7 global financial institutions. We’ve experienced how broken it is, and know how much better it can and should be. This funding allows us to accelerate our mission to enable financial institutions from Brazil and Kenya, to Hong Kong and the United States, to transform how foreign exchange, payments, trading, and investment products are built. We are incredibly grateful for our customers and investors’ trust.”
Jack Chong, Cofounder, Checker
“Financial institutions globally are converging on stablecoins as core infrastructure, but fragmentation across liquidity, rails, and compliance slows adoption. Checker is building the connective tissue that brings market participants together into a unified platform.”
Will Nuelle, General Partner, Galaxy Ventures
“The friction points in fiat on-ramps and off-ramps remain the hardest problem to solve. Checker addresses this with a novel orchestration layer that organizes fragmented stablecoin liquidity into a programmable, compliant network. With their customer bases growing rapidly across the emerging markets, especially Africa, we didn’t hesitate to back this exceptionally lean, top-tier founding team.”
Omar Laalej, General Partner, Al Mada Ventures
