Stablecoin Platform Limited Announces $7M Series Seed

Gunderson Dettmer represented client Limited, a fintech company delivering stablecoin-based global banking services with self-custody, in its $7 million Series Seed financing led by North Island Ventures with participation from Third Prime, Arche Capital, Collab+Currency, and SevenX Ventures.

Limited’s banking and payments platform merges the security of self-custody stablecoins with the accessibility of premium banking services, now available in 176 countries via iOS, Android, and web applications. The platform empowers businesses and individuals to access global payment rails, maintain complete control of their funds, and enjoy premium card benefits typically reserved for traditional banking customers. This new funding will accelerate Limited’s expansion in high-opportunity markets.  

In the announcement of the transaction, Limited Founder and CEO Hussein Ahmed said, "With stablecoin transaction volumes exceeding $30 trillion annually and global remittance fees averaging 6.3%, we've created a solution that finally resolves the traditional tradeoff between self-custody security and ease of use. This funding will accelerate our growth in high-opportunity markets across Latin America, Southeast Asia, and the Middle East where demand for borderless financial services is strongest. Having top-tier backers with deep expertise in both fintech and crypto gives us the strategic support needed to transform global banking at scale."

The Gunderson deal team was led by Ibrahim Elshamy and included Amy Luong, Rebecca Harris and Vard Danielyan.

Companies
Limited
North Island Ventures
Third Prime
Arche Capital
Collab+Currency
SevenX Ventures