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About TransFi
TransFi is a cross-border payment platform that provides a unified API for businesses to send and receive payments across 70+ countries. Its core services include payouts, collections, card issuance, and stablecoin-based settlement, supporting 250+ local payment methods and 40+ fiat currencies.
The main pain point TransFi addresses is the inefficiency of traditional correspondent banking: slow settlement (1-2 days), high intermediary fees, and lack of transaction transparency. By leveraging stablecoins and local payment rails, TransFi reduces settlement time to about 2 hours, offers full transaction tracking, and eliminates the need for multiple banking relationships.
Its competitive edge lies in a single API that connects both fiat and stablecoin networks, combined with an AI-powered compliance platform (JARVIS) that automates KYC/KYB, sanctions screening, and transaction monitoring in one dashboard. This reduces operational overhead for compliance teams while maintaining regulatory standards.
In the past six months (Feb-Aug 2026), TransFi launched JARVIS as its central compliance intelligence layer, and expanded its stablecoin settlement capabilities. The company reports processing approximately $5 billion in annualized transaction volume, serving 2+ million end users and 100+ enterprise clients. It has also introduced an AI chat-based payment interface on WhatsApp and Telegram, allowing merchants to initiate and track cross-border payments through messaging apps. No significant negative events were reported during this period.
Key progress for TransFi over the past six months:
Raised $19.2M ($14.2M Series A equity + $5M liquidity facility) led by Turing Financial Group, to expand across Southeast Asia, South Asia, the Middle East, Latin America and Africa, while deepening regulatory licences and enterprise merchant acquisition. TransFi now covers 70+ countries, 40+ fiat currencies and 100+ crypto assets; it targets ~$5B processed volume for FY2026, with revenue up 16x since its 2024 seed round and 2M+ end users.
In May, it launched BizPay, enabling cross-border collections and local payouts via WhatsApp/Telegram in the Philippines, Malaysia, Vietnam and Indonesia, aligned with ASEAN’s Project Nexus momentum.
In August, it launched JARVIS, an AI-powered compliance platform unifying KYC, sanctions screening, blockchain and fiat transaction monitoring, reducing manual review burden while keeping final decisions with human compliance teams.
Future focus: scale infrastructure in high-friction emerging markets, pursue deeper regulatory licensing and enterprise merchant acquisition, and evolve JARVIS toward real-time behaviour monitoring, predictive fraud detection and explainable AI recommendations, further cementing stablecoins as foundational cross-border payment infrastructure.
Raj Kamal: Co-Founder & CEO at TransFi. Former IAS officer, ex-McKinsey Partner, with 29+ years of experience in payments, banking, and public policy.
Prateek Bhargava: Chief Banking & Network Officer. Ex-McKinsey, ex-Edelweiss, 15+ years in fintech and banking, leading partnerships and network expansion.