XWeave, a Singapore-based company that focuses on cross-border payments using stablecoins, announced on Monday that it had raised $3 million in seed funding. Jungle Ventures led the round through First Cheque@Jungle and Lightshift.
The funding round also included additional investment from Menyala, a venture studio founded by Temasek, along with new investors like White Star Capital, Fabric Ventures, DCG, The Venture Dept., and other well-known angel investors, XWeave said in a statement.
With this funding, XWeave plans to grow its network in important areas outside the G10, focusing on the Middle East and Asia, including countries like the United Arab Emirates (UAE), Japan, Hong Kong, and Indonesia.
The company is also talking with regional fintech companies and global merchant platforms that want to add real-time, cross-border payments to their products.
As stablecoins become more common in finance, the company is building the infrastructure to connect blockchain-based systems with traditional finance, providing the speed, transparency, and control that modern businesses need.
“The $30 trillion cross-border payments market is in need of change.”
“As stablecoins evolve into mainstream financial infrastructure, XWeave is the connective tissue that enables businesses to move money across borders with the ease of a text and the compliance rigor of regulated flows,” said Milind Sanghavi, Founder and Chief Executive Officer of XWeave.
While there have been other efforts using certain digital assets, he said we are about to see a big increase in both stablecoins and central bank digital currencies (CBDCs).
“XWeave’s platform, which doesn’t hold assets and works with any asset, is the best way for businesses to tap into this growing liquidity. It allows them to take advantage of blockchain benefits without depending on regulatory loopholes.”
“Our job is to make it usable and adaptable for the full spectrum of money flows,” he added.
Founded in 2024, XWeave is a platform that doesn’t hold assets and helps businesses connect to blockchain systems for cross-border payments.
By connecting traditional money systems with stablecoin networks, the company makes it possible to move money quickly, safely, and at a low cost across different markets.
The company’s platform lets businesses make cross-border transactions without holding onto user funds, combining legal safety with the speed and efficiency of decentralized technologies.
Since launching in December 2024, the platform has successfully handled real-time payments between Singapore and the Philippines. It is now expanding into important markets like the UAE, Indonesia, Japan, and Hong Kong and is growing its network across Asia and the Middle East.
XWeave’s platform is built to work with different systems and supports many uses, including sending money, managing company funds, integrating wallets, and paying merchants.
Its optimization engine smartly checks different stablecoins and currency exchange options to find the cheapest and fastest way for each transaction, ensuring the best savings and speed.
“Milind and the XWeave team are addressing one of the biggest challenges in fintech, making global money transfers smooth, secure, and scalable.”
“Their timing couldn’t be better. As digital assets gain regulatory clarity and enterprise adoption surges, XWeave is perfectly positioned to become a foundational layer in the future of cross-border finance,” said Rishab Malik, Partner for Seed Investments at Jungle Ventures.
Anil Hansjee, General Partner at Fabric Ventures, said that XWeave, founded by a team with extensive experience in payments across emerging markets, is a reliable partner in cross-border trade.
“It leverages its intelligent routing engine to optimize flows without requiring pre-
funding while solving for the increasing fragmentation across networks, liquidity, and local currency stablecoins,” he added.
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