Rapyd Executives Launch Cordant, Secure US$8 Million in Seed Funding

The funding round was co-led by Motive Partners and Oak HC/FT. Other investors included Bankless VC, FJ Labs, SignalFire, Quona, Next Stage, Selah Ventures, Flatironx, Nascent Ventures, Silvercircle Ventures, and Generative Ventures.

Digital asset companies Bitso and Paxos also joined the round as investors and design partners, helping Cordant develop and improve its fintech solutions.

"When a transaction gets stuck, it is still difficult to understand what happened and at what stage," said Eric Rosenthal, Cordant's CEO and co-founder. "The responsible teams were required to collect information from different systems and partners to put together the full picture."

"Bitso is building hybrid finance, bringing traditional and digital money into one system. Moving money across all of that is hard, and even with strong tooling of our own, the next hard problem is seeing the full route a payment takes and whether each step honors the rules meant to govern it," said Imran Ahmad, COO at Bitso. "We're working with Cordant as a design partner because hybrid finance needs a coordination layer between separate systems of record and the rules that govern them. We're starting with financial systems and see an opportunity for that same layer to extend across compliance and partner infrastructure.”

"Anyone who's run security and operations at scale knows the real cost sits in the unhappy path where there are break-glass procedures, and engineers pulled into production to trace a stuck payment,” said Dave Schwed from OpenReserve. “We're partnering with Cordant to help design what a governed command center for financial operations should look like. By creating a system with permissioned view across systems, context, controls, and the audit trail to resolve issues without expanding who can touch production, we can create the kind of control the whole industry has been missing.”

"The future of B2B payments will be defined by trust at scale,” said Chris Fuller, president of Transcard. “Moving money is no longer the differentiator. Continuously proving that every payment program is operating within its SLAs, contractual obligations, and compliance requirements in real time is. As payment ecosystems become more complex the industry needs a smarter, governed framework for operational assurance. That’s why we’re excited to partner with Cordant to help shape what’s next."

Founded in 2026, Cordant is a platform that helps financial companies manage all their payment and financial systems from one place. It works with their existing banks, payment processors, compliance tools, and other financial systems.

The platform gives businesses a single view of all financial activities and creates clear records for compliance and risk management. It improves operations without replacing existing systems or moving customer funds.

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