Levl, a unified platform powering global fiat and stablecoin payments, has closed a $7 million seed round to expand its infrastructure to enable businesses to move money across borders using both traditional rails and stablecoins. 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 company is positioning its platform to enable global businesses to access the speed and cost advantages of stablecoins while keeping workflows compliant and operationally familiar. Levl says its infrastructure enables businesses to collect, store, convert, and move currencies across borders while supporting both fiat and stablecoins such as USDC and USDT, and it aims to remove the need for companies to build blockchain capabilities in-house.
Levl said it has reached an annualized global transaction volume of $1 billion within its first four months of operation, and that it supports same day settlement while beating the interbank rate, replacing traditional correspondent banking timelines that can stretch several days. The company also said it supports payouts in more than 75 countries with connectivity across emerging markets in Asia, Latin America and Africa, and that its client and partner network serves more than 1 million end users, including institutional names such as TerraPay, TapTap Send, and Nala.
Founded in 2023 as a spin out of Galaxy Digital, Levl was founded by CEO Jaisel Sandhu, a former FX trader at AQR. The company said its team has experience across firms including PayPal, Deutsche Bank, London Stock Exchange Group, RBC, BlackRock, AQR, Brevan Howard, and Galaxy Digital.
Levl plans to use the new funding to expand product offerings that include B2B cross border transfers, card and stablecoin payment processing, and lending solutions. Its current international footprint spans London, New York, Canada and Switzerland, and the company says it is regulated in Switzerland and Canada.
KEY QUOTES:
“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. 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.
Jaisel Sandhu, Chief Executive Officer, Levl
“Jaisel and the team at Levl are some of the strongest early-stage entrepreneurs we’ve worked with. They are nailing the value proposition for global businesses to move stablecoins across borders, serving real financial institutions’ payment workflows. The team has deep roots in both traditional finance and crypto – that fluency is hard to find.
Will Nuelle, General Partner, Galaxy Ventures
