Levl, a unified platform for global fiat and stablecoin payments, has announced the closure of a $7 million seed funding round led by Galaxy Ventures, aimed at expanding its infrastructure for compliant and seamless cross-border transactions.
Levl’s platform addresses challenges within the global cross-border payments market, which is projected to reach $320 trillion in transaction volumes by 2032. Despite this growth, the market faces constraints from legacy financial infrastructure, leading to slow settlement, fragmented money movement, numerous intermediaries, and elevated FX costs.
The company’s infrastructure makes stablecoin-powered payments accessible, compliant, and operationally seamless for traditional businesses. It allows businesses to collect, store, convert, and move currencies across borders, supporting both fiat and stablecoins such as USDC and USDT. This approach leverages the speed and cost advantages of blockchain technology, streamlining development timelines for businesses.
Jaisel Sandhu, CEO of Levl, stated, “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.”
Levl has demonstrated accelerated product and business momentum since its inception. Within four months of operation, global transactions have surpassed an annualized volume of $1 billion. The platform facilitates same-day settlement, surpassing interbank rates and replacing the typical 3-5 day delays of traditional correspondent banking with near real-time processing. Levl’s global reach extends to over 75 countries, including established connectivity across emerging markets in Asia, Latin America, and Africa. The platform serves more than 1 million end-users through its network of clients and partners, which include mobile wallets, neobanks, merchants, fintechs, remittance services, brokers, and FX platforms, with notable partners such as TerraPay, TapTap Send, and Nala.
Will Nuelle, General Partner of Galaxy Ventures, commented, “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.”
Levl was founded by Jaisel Sandhu, a former FX trader at AQR, and spun out of Galaxy Digital in 2023. The collective team’s experience spans major financial institutions including PayPal, Deutsche Bank, London Stock Exchange Group, RBC, BlackRock, AQR, Brevan Howard, and Galaxy Digital.
The newly secured capital will fund the expansion of Levl’s product offerings. These include B2B cross-border transfers, card and stablecoin payment processing, and lending solutions. Levl maintains an international presence with offices in London, New York, Canada, and Switzerland. Levl is regulated in Switzerland and Canada. The company serves fintechs, neobanks, mobile wallets, remittance apps, aggregators, and payment service providers globally.
