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§ Private Profile · Boston, MA, USA
B2B platform for cost-effective global cross-border payments, enabling stablecoin transactions for merchants and fintech platforms.
Conduit is a global business-to-business financial technology platform that facilitates cross-border payments by utilizing stablecoins to bypass traditional banking infrastructure. The enterprise currently serves over 5,000 merchants and more than 100 fintech platforms, processing over $10 billion in annualized transaction volume across markets in the Americas, Asia, and Africa. Operating with a workforce of 58 employees, the payment network connects directly to local financial rails through partnerships with over 20 banks to support 14 distinct fiat currencies. The business generates revenue by charging fees on each stablecoin transaction executed through its embeddable application programming interfaces. Conduit has raised a total of $53 million in equity funding, which includes a $36 million Series A round backed by institutional investors such as Dragonfly Capital, Altos Ventures, Sound Ventures, and Commerce Ventures. The company was founded in 2021 by Kirill Gertman.
Conduit has raised $196.0M across 7 funding rounds.
Conduit has raised $196.0M in total across 7 funding rounds.
Conduit has raised $196.0M in total across 7 funding rounds.
Conduit's investors include Altos Ventures, Rob Hadick, Circle Ventures, Commerce Ventures, Digital Currency Group, Helios Investment Partners, Portage Ventures, Sound Ventures, Wale Ayeni, Haun Ventures, Paradigm, Rob Cousins.
Conduit has raised $196.0M across 7 funding rounds. Most recently, it raised $36.0M Series A in May 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 28, 2025 | $36M Series A | Altos Ventures, ROB Hadick | Circle Ventures, Commerce Ventures, Digital Currency Group, Helios Investment Partners, Portage Ventures, Sound Ventures | Announced |
| Aug 12, 2024 | $6M Seed Plus | Wale Ayeni | — | Announced |
| Jun 25, 2024 | $37M Series A | Haun Ventures, Paradigm | — | Announced |
| Mar 28, 2023 | $7M Seed | Paradigm | — | Announced |
| Apr 11, 2012 | $100M Venture Round | ROB Cousins | — | Announced |
| Jan 20, 2008 | $8M Series B | Benchmark Capital | — | Announced |
| Jan 9, 2007 | $2M Venture Round | Yozma | — | Announced |