PALO ALTO, CA, Higlobe, the U.S. based solution for international payment transfers, raised $14 million in funding to expand its technology and launch into new markets.
The funding round was led by global technology investment firm Battery Ventures, an investor in a number of U.S.-based fintech companies. Battery Senior Partner Scott Tobin will join Higlobe's board. Higlobe uses asset-backed stablecoins to provide an efficient and cost-effective means of making cross-border payments between bank accounts.
Higlobe is a financial technology company revolutionizing the world of cross-border payments. Founded in 2020 by Teymour H. Farman-Farmaian and Jeff Bolton, they used their global experience to build an international payment transfer solution that leverages stablecoins that are 1:1 backed by U.S. dollars or U.S. government treasury securities to transfer money quickly.
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