TechFlow news — On August 15, stablecoin payments platform Sling Money announced a $15 million Series A funding round led by Union Square Ventures, Ribbit Capital, and Slow Ventures. Previously, Sling Money raised $5 million in a seed round led by Ribbit Capital, with participation from Slow Ventures.
Sling Money leverages stablecoin technology and a user-friendly interface to enable fast, low-cost global money transfers. Users can send funds instantly across more than 50 countries in Europe and Africa, using Pax Dollar (USDP), a dollar-backed stablecoin issued by Paxos Trust Company and subject to strict regulatory oversight. The Sling Money team has extensive product development experience, and its app is available on both iOS and Google Play.
