"Fintechs are increasingly adopting stablecoins-a non-volatile type of cryptocurrency typically pegged to the US dollar. When it comes to payments and money transfers, stablecoins offer clear advantages but developing the infrastructure to support them can be slow and costly. This is where Levl wants to fill the gap. The startup aims to build a platform where digital wallets and other fintechs can seamlessly send money around the world using stablecoins."
"The startup views its competition primarily as large banks, where remittances and business to business payments have traditionally taken place. Sandhu says that with Levl's platform, money can be moved instantly and at lower rates than through these legacy systems. He says that there are other stablecoin providers that are more regionally focused but less global in scale than Levl."
Levl builds a platform that lets digital wallets, neobanks, and fintechs send global payments using stablecoins, abstracting complexity between traditional payment systems and digital assets. Levl raised $7 million in a seed round led by Galaxy Ventures, with participation from Protagonist, Deus X, and Blockchain Builders Fund. Founder and CEO Jaisel Sandhu declined to disclose the company's valuation. More than 20 clients use Levl for remittances and B2B payments, including TerraPay and Taptap Send. Levl positions itself against large banks by enabling instant, lower-cost transfers and claims broader global scale than regionally focused stablecoin providers.
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