Cybrid, a leading platform providing compliant stablecoin and fiat payment infrastructure, announced it has raised $10 million in Series A funding led by the Growth Venture Fund at BDC Capital, with participation from Golden Ventures, Luge Capital, and Panache Ventures.
The funding will help Cybrid scale its intelligent, compliance-first payment infrastructure for fintechs, enterprises, and regulated financial institutions adopting stablecoins at a global scale.
Cybrid enables organizations to integrate stablecoin technology and end-to-end cross-border payment solutions across 150+ countries, offering up to 90% lower costs and real-time transparency. Its platform combines stablecoin, fiat, and compliance capabilities in a single API-first architecture, enabling companies to send and receive money instantly and securely while meeting rigorous regulatory standards. Over the past year, Cybrid has achieved 5x growth, reflecting strong institutional demand for modern digital asset rails.
As stablecoin payment volumes soar—now exceeding $5.7 trillion annually, representing 25% of global card network volume—financial institutions and remittance providers are facing mounting pressure to modernize payment systems. Traditional networks remain hampered by high transaction fees, slow settlements, and fragmented infrastructure, making stablecoins an increasingly attractive alternative for cross-border and B2B payments.
The company’s leadership team brings deep expertise across payments, security, and digital assets. Avinash Chidambaram, who previously helped launch Apple Pay in Canada and held senior roles at Interac and BlackBerry, leads the team alongside Co-founder and CTO Brent Carrara, a recognized expert in biometrics and cryptography, and Principal Engineer Michael Carrara, formerly of Bread Wallet (acquired by Coinbase). President and COO Dean Brauer, co-founder of GoHenry (acquired by Acorns in 2023), and Co-founder and VP of Sales Ali Irshad, formerly of Airmeet, round out the executive team.
Cybrid plans to use the funding to enhance its platform capabilities, strengthen compliance infrastructure, and expand partnerships with regulated banks, fintechs, and payment providers. And the company will also continue driving adoption of stablecoins as the preferred digital payment rail for global commerce, helping partners launch faster, bank faster, and pay faster.
KEY QUOTES:
“Stablecoins are becoming the backbone of how currency moves across borders and between businesses in near real time, and at a fraction of the cost of sending money over the traditional networks. At Cybrid, we’ve built the intelligent payment infrastructure that fintechs, enterprises, and financial institutions need to adopt stablecoins at scale, with compliance baked in. This funding allows us to accelerate our mission and bring the benefits of faster, more transparent, and lower-cost payments to businesses worldwide.”
Avinash Chidambaram, Co-Founder and Chief Executive Officer, Cybrid
“Stablecoins are poised to transform global cross-border payments, especially across financial institutions and the B2B payments space where speed and cost matter most. The team at Cybrid has direct expertise in building best-in-class payments and banking infrastructure, with compliance at its core, for world-class financial services and fintech brands. They have delivered best-in-class payments and banking infrastructure to customers and bring deep experience in the digital asset space, which is why we’re proud to lead this round.”
Jack Fraser, Partner, Growth Venture Fund at BDC Capital
