Provides a semi-permissioned global transfer protocol that uses stablecoins to enable direct, low-cost cross-border payments, bypassing traditional correspondent banking systems. This solution supports remittances, payouts, and onramps/offramps in over 50 countries and 24 currencies, offering same-day settlement and reducing transaction delays and fees associated with multiple intermediaries.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional cross-border payment systems rely on correspondent banking networks, leading to high fees, slow transaction times, and a lack of transparency due to multiple intermediaries and FX conversions. This complexity hinders efficient global money movement for businesses and individuals, especially in emerging markets.
Solution
Borderless provides a semi-permissioned global transfer protocol (GTP) that leverages stablecoins to enable direct, low-cost cross-border payments, bypassing traditional correspondent banking systems. The GTP facilitates remittances, payouts, and on/off-ramps in over 50 countries and 24 currencies, offering same-day settlement through direct settlement between local Payment Facilitator Intermediaries (PFIs) licensed in each region. Borderless provides a unified network of global stablecoin liquidity for payments and financial services infrastructure, enabling fast and reliable transfers with transparent, direct-level pricing.
Target Audience
Borderless targets financial institutions, payments companies, fintechs, and corporate entities seeking to streamline global payments, reduce costs, and improve transaction speeds using stablecoin technology.
Features
- Access to 50+ countries, 24 currencies, and 32 payment methods through a single integration.
- Support for multiple stablecoins, including USDC and USDT, across various blockchains like Ethereum, Polygon, Base, Arbitrum, Optimism, Solana, Celo, Tron, and Bitcoin.
- Direct integration with licensed financial institutions, ensuring regulatory compliance and secure transactions.
- Single network fee structure with transparent, pass-through costs from financial institutions, eliminating hidden fees and FX markups.
- Integrations with leading wallets, custodians, accounting platforms, and compliance services.
- Unified compliance framework across geographies, simplifying reconciliation and operational overhead.
- Built-in redundancy with multiple financial institutions covering each geography.
- SOC 2 certification, ensuring secure and scalable operations.