Latitude
Global payment infrastructure combining stablecoin settlement with local payment rails
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About Latitude
Latitude is a global payment infrastructure company that helps businesses send cross-border payments using stablecoins. Its core product, Global Payouts, allows US companies to pay individuals in over 50 countries by converting US dollars or stablecoins into local currency and settling directly into local bank accounts or digital wallets.
The main problem Latitude solves is the inefficiency of traditional cross-border payments. Conventional bank transfers often take 2-5 business days, involve multiple intermediaries, and come with hidden fees and poor exchange rates. Latitude addresses this by using stablecoin rails combined with local payment networks, enabling settlement in minutes at a flat fee of 0.5% with the interbank exchange rate and no hidden markups.
Latitude's competitive edge lies in its combination of stablecoin infrastructure and direct local payout connectivity. This allows it to offer faster settlement, transparent pricing, and broader market reach compared to legacy systems. The company operates as a licensed money transmitter in 38 US states, and its compliance program includes KYC/KYB and OFAC screening.
In the past six months (March to September 2026), Latitude has been in beta launch, processing live transactions. The company has expanded its payout network to 50+ countries and continues to build out its compliance framework. While specific transaction volume data is not publicly disclosed, the beta phase indicates active usage by early customers. As a newer entrant in the stablecoin payments space, Latitude faces the challenge of competing with established players and navigating evolving regulations around digital assets, though no major negative events have been publicly reported during this period.
Latitude was founded in 2025 by Cyril Mathew, Brian Wrightson, and Vivek Morzaria, veterans of Stripe, Coinbase, Meta, Uber, and Zero Hash. The company prioritized owning licenses before scaling, securing money transmitter licenses or approvals across 45 U.S. markets within its first year, laying the regulatory foundation for rapid onboarding.
In March 2026, Latitude raised an $8 million seed round led by NEA, with participation from Coinbase, Paxos, and Solana Foundation, and launched its core product Global Payouts, enabling U.S. businesses to pay recipients in 50+ countries via stablecoin rails.
In September 2026, Latitude closed a $35 million Series A led by Oak HC/FT, bringing total funding to $43 million. With coverage across 50+ markets, direct FBO banking relationships, SOC 2 Type I certification, and an AI-native compliance stack, these milestones mark its transition from licensing groundwork to scaled expansion.
Latitude, a global payments infrastructure company, launched on March 31, 2026, backed by an $8M seed round led by NEA with participation from Lightspeed Faction, Coinbase Ventures, Paxos, Bitso, and Solana Foundation. Founded by former Stripe, Coinbase, Uber, Zero Hash, and Facebook leaders, Latitude is building a stablecoin-based liquidity network for cross-border payouts.
Key progress over the past six months includes the launch of its flagship Global Payouts product, offering a flat 0.5% fee, interbank FX rates, and settlement to local bank accounts in minutes across 50+ countries. The company has secured 38 state money transmission licenses in the US, with full coverage expected by Q2 2026, and has completed a SOC 2 Type I audit, with Type II expected in Q3 2026.
Future development priorities include expanding into more markets beyond the initial 50 countries, launching consumer on/off-ramps for neobanks and digital wallets, and introducing business dollar accounts. The company aims to bridge stablecoins and local fiat currencies, targeting creator economy payouts, contractor payments, AI data labeling, and fintech apps going global. Latitude is also preparing for SOC 2 Type II certification and full US state license coverage, positioning itself as a compliant, enterprise-grade solution for instant, transparent cross-border money movement.
Vivek Morzaria (Co-founder): Previously held corporate development and strategy roles at Uber, then served as Director of Business Development at OpenSea, Senior Manager of Corporate Development at Lime, and VP at Zero Hash.
Cyril Mathew (Co-founder) and Brian Wrightson (Co-founder): Previously worked at Stripe and Coinbase respectively, focusing on payments and crypto. Together they founded Latitude to build a stablecoin-based global payment network.