Mural has raised a $15 million Series A round led by Tether, with participation from North Island Ventures and existing investors, bringing the fintech infrastructure company’s total funding to $28 million. The company plans to use the financing for global expansion and further investment in regulatory and payments infrastructure as it prepares for a financial system in which software agents increasingly move money on behalf of people and businesses.
Founded by former Palantir engineers Sinclair Toffa and Chris Fernandes, Mural provides a system of record for companies building financial products. The platform combines accounts, payments, identity, permissions, and compliance across bank relationships, local payment networks, and blockchain rails.
Customers including Deel, Opera, and Axexo use Mural to build products such as payroll and remittance workflows that can support dollars, stablecoins, and local currencies in a unified account. The platform includes policy and compliance controls covering account limits, approved counterparties, and additional approvals for larger transactions.
Mural said it has processed $211 billion in payment volume for end users across 128 countries since launching its API in 2025. The company’s 2026 volume through the date of the announcement was nearly six times its total volume for all of 2025. The company also cited industry estimates that real-world stablecoin payments more than doubled in 2025 to roughly $390 billion, with businesses accounting for about 60%.
Mural applies a forward-deployed engineering model in which its teams work directly with customers in local markets to connect existing systems with payment and compliance infrastructure. The new funding will help expand that model as financial platforms prepare for more autonomous transactions initiated by AI agents.
KEY QUOTES:
“The economy is about to gain 10 billion new participants, and none of them are human. Our mission has been to connect people and businesses to the Global Financial Internet. Now we are connecting agents as well.”
Sinclair Toffa, Co-Founder And CEO Of Mural
“We wanted people who know the market where they work and the intricacies of that market. They were on the ground in Colombia, they were thought partners, and they moved fast.”
Olek Shtanoprud, Head Of Payments At Deel
“What drew us to Mural was the team’s background building enterprise-grade software that connects existing systems to stablecoin rails. As agents start moving money, that connection to the banks, payment networks and compliance systems the world still runs on becomes essential, and Mural is already doing it at scale.”
Paolo Ardoino, CEO At Tether
