Checker, a global network that enables financial institutions to plug into stablecoins and digital asset liquidity, cross-border payments, treasury, and credit via a single API (Application Programming Interface), announced about raising USD 8 million in funding from Galaxy Ventures, Al Mada Ventures, and Framework Ventures.
Additional participants include strategic financial institutions, such as Bitso and Airtm in Latin America, DFS Lab in Africa, and Onigiri Capital, SNZ Capital and Velocity in Asia. Additional investors include fintech operators from Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage, Superstate, and more.
While stablecoins and tokenisation promise faster, cheaper, and more reliable financial infrastructure, large-scale adoption will require solutions to liquidity fragmentation, operational complexity, and compliance hurdles.
To access crypto and stablecoin markets, institutions are often stuck stitching together multiple providers as a makeshift solution, resulting in systems that are difficult to scale and maintain.
Through the Checker’s single API, financial institutions can launch and scale products spanning trading, payments, treasury, and credit across markets worldwide. The network delivers access to global liquidity, fiat on- and off-ramps, and payment rails, eliminating the need to integrate multiple providers.
“Checker’s network has been instrumental to our business. Their plug-and-play infrastructure supercharges our trading and treasury plumbing,” said Bhanu Kohli, former CEO and cofounder of cross-border payments company Rail, which was recently acquired by Ripple.
“We have spent our careers dealing with the existing financial plumbing inside 24/7 global financial institutions. We’ve experienced how broken it is, and know how much better it can and should be. This funding allows us to accelerate our mission to enable financial institutions from Brazil and Kenya to Hong Kong and the United States to transform how foreign exchange, payments, trading, and investment products are built. We are incredibly grateful for our customers’ and investors’ trust,” said Jack Chong, Cofounder of Checker.
Since 2025, Checker has onboarded institutional clients including Rail, Braza Bank in Brazil, and Belo in Argentina, apart from scaling to USD 3 billion in total processing volume, which accounted for around 1% of annual global B2B (business-to-business) stablecoin payments volume.
Checker’s stablecoin processing volume spans 30 customers, which are regulated financial institutions across the United States, Europe, Latin America, Africa, and Asia.
Covering 75 global currencies, Checker’s network now powers foreign exchange, collections, payouts, virtual accounts, and trading products worldwide.
Checker plans to use the latest funding to deepen its global payments coverage to replace traditional correspondent banking dependencies.
“The team also intends to build out embedded borrowing and lending capabilities that improve capital efficiency and reduce pre-funding requirements for its customers, fully utilizing the just-in-time settlement capabilities of stablecoins. Finally, the firm intends to launch AI-powered agents for treasury management, back-office operations, and predictive analytics, enabling financial institutions to hyperscale their operating efficiencies,” reported Finextra.