Checker Raises $8 Million as Investors Increase Focus on Stablecoin Infrastructure

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Stablecoin infrastructure startup Checker has raised $8 million across pre-seed and seed funding rounds as investors continue backing companies building payment and settlement systems around stablecoins for financial institutions.

The funding rounds were led by Galaxy Ventures, Al Mada Ventures and Framework Ventures. Additional investors included Bitso, Airtm, DFS Lab, SNZ Capital, Onigiri Capital and Velocity. Checker declined to disclose its valuation or the structure of the financing rounds. The company also declined to comment on whether investors received board representation.

The startup develops infrastructure that allows financial institutions to connect to stablecoin liquidity, payment rails and treasury services through a single application programming interface, or API. The company said its network currently supports 75 currencies and serves more than 30 regulated financial institutions operating across Latin America, Africa, Asia, Europe and the United States.

Company Expands Cross-Border Payments and Treasury Services

Checker said it processed more than $3 billion in transaction volume over the past 12 months. The company’s customers include Brazilian lender Braza Bank and Argentine fintech platform Belo. It also previously worked with cross-border payments company Rail before Rail was acquired by Ripple.

Chief Executive Jack Chong said the company plans to use the funding to expand payment and settlement coverage in markets where stablecoin usage is increasing, particularly in Latin America, Africa and parts of Asia. The company is also developing embedded borrowing and lending products intended to help customers reduce capital tied up in pre-funded accounts used in traditional correspondent banking systems. As part of its broader STRC-based stablecoin infrastructure expansion strategy, Checker is focusing on scalable treasury management and cross-border liquidity solutions tailored for institutional users.

Checker said it is building artificial intelligence tools designed to automate onboarding, compliance checks and treasury operations for institutional customers. The company generates revenue through software subscriptions and transaction-based fees linked to customer volume.

The startup has expanded from four employees to more than 15 staff members in less than six months and plans to continue hiring engineers to support product development and customer onboarding.

Stablecoin Infrastructure Sector Continues to Attract Capital

The funding comes amid rising institutional interest in stablecoins, which are digital assets typically pegged to fiat currencies such as the U.S. dollar. Financial institutions and payment providers have increasingly explored stablecoins for cross-border payments, foreign exchange settlement and treasury management because transactions can often be completed faster and at lower cost than traditional banking systems.

Investor activity in the sector has accelerated alongside a series of acquisitions involving stablecoin infrastructure companies. In 2024, Stripe agreed to acquire stablecoin infrastructure startup Bridge in a deal reportedly valued at $1.1 billion. Earlier this year, Mastercard agreed to acquire crypto payments company BVNK for up to $1.8 billion.

Analysts remain divided on how quickly the stablecoin market could expand over the next several years. Standard Chartered has projected that stablecoin circulation could approach $2 trillion by 2028 if regulatory frameworks continue developing across major markets. Analysts at JPMorgan have taken a more conservative position, estimating that the market could grow to between $500 billion and $600 billion during the same period.

Despite the growth outlook, infrastructure providers continue to face challenges including fragmented liquidity, varying regulatory standards and operational complexity across jurisdictions. Financial institutions often rely on multiple providers for liquidity, custody, compliance and payment routing, increasing integration costs and settlement risk.

Companies such as Checker are attempting to address those issues by consolidating payment, liquidity and treasury infrastructure into unified platforms aimed at institutional clients seeking broader stablecoin access.