Sling Money Raises $15M in Series A to Innovate Cross-Border Payments
- Sling Money secures $15 million in Series A funding, led by Union Square Ventures, Ribbit Capital, and Slow Ventures.
- The app enables near-instant, low-fee transfers to over 50 countries in Europe and Africa using Pax Dollar (USDP).
- Pax Dollar transactions are backed by US dollars and regulated by the New York State Department of Financial Services, ensuring security and trust.
The standout feature of Sling Money is its use of the Pax Dollar (USDP) stablecoin, which provides a reliable and secure means for international transactions, distinguishing it from traditional fiat-based systems.
With this fresh capital, Sling Money is well-positioned to disrupt the global payments landscape, leveraging stablecoins for more efficient, cost-effective cross-border transfers.
