Cross-border payment infrastructure company Layer2 Financial completes $10.7 million Series A financing

Cross-border payment infrastructure Layer2 Financial has completed a $10.7 million Series A financing, led by Galaxy Ventures with participation from Accomplice and Sapphire Ventures. The company plans to use the funds to advance its product development, expand into new jurisdictions, and grow its team. Layer2 Financial's partners can provide customers with compliant payments in multiple currencies. Through its API, customers can transfer currency using methods such as ACH, Fedwire, Swift, SEPA, and tokenized assets (including from digital currency to fiat currency and vice versa), as well as receive and send payments. The platform is currently regulated in approximately 34 states in the United States and is licensed in Canada and Europe.