Latitude Secures $35M for Stablecoin Payment Infrastructure

Latitude, a company that specializes in building infrastructure for stablecoin-based payments, has secured $35 million in Series A funding. The round was led by Oak HC/FT and included participation from prominent investors such as NEA, Coinbase, Lightspeed Faction, and OpenFX.

This significant investment will be used to expand Latitude's teams, including compliance, engineering, legal, and sales personnel.

The size of the funding round is notable, ranking in the 95th percentile among US fintech Series A rounds tracked by Dealroom. This suggests that investors are placing a high value on infrastructure companies like Latitude that cater to stablecoin payments.