Checker Raises $8M to Scale Stablecoin Infrastructure

 

Stablecoin infrastructure startup Checker has just raised over $8 million across pre-seed and seed funding rounds to accelerate development of its stablecoin network.

 

The funding round was led by Galaxy Ventures, Al Mada Ventures, and Framework Ventures, with participation from Onigiri, IGNIA, Cerulean, Aquanow, Commerce Ventures, Pharsalus Capital, SNZ Capital, DFS Lab, Breed, Overlook, Velocity, Bitso Business, and AirTM.

 

Other angel investors involved in the round include Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage, and Superstate, among others.

 

 

With this new funding, the Checker team aims to accelerate its global expansion plans while building a credit infrastructure embedded within its platform that allows users to lend and borrow without always having to pre-fund their accounts. The team also plans to automate its operations by building AI agents to handle treasury management, back office operations, and predictive analytics, all aimed at helping the platform scale efficiently.

 

Another goal for the Checker team is to solve the fragmentation problem currently facing stablecoin infrastructure. Despite the growing adoption of stablecoins and tokenized assets, liquidity fragmentation, operational complexity, and compliance hurdles continue to hamper large-scale adoption, particularly among institutions.

 

While institutions have adopted several makeshift solutions to work around these hurdles, such solutions are often difficult to maintain and scale. This is the problem Checker aims to solve.

 

Through its single API, institutions can launch and scale products across trading, payments, treasury, and credit markets. Institutions do not need to worry about integrating multiple providers into their platforms, as Checker abstracts these complex integration processes into a single API connection.

 

About Checker 

Checker is a stablecoin infrastructure startup that allows financial institutions access to stablecoin and fiat liquidity through its single API platform. Its platform currently supports over 75 currencies, supporting over 50 liquidity providers, including exchanges, OTC desks, and banks. 

 

Since its launch, Checker has processed several billion dollars, processing over 43 billion within its first 12 months of operation. It also serves several financial institutions across the US, Europe, Latin America, Africa, and Asia, notable among them are Rail, which was acquired by Ripple, and Brasa Bank in Brazil.