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Conduit announced that it raised $36 million in a Series A round to scale infrastructure and expand support

Rob Hadick, partner at Dragonfly Capital, said that Conduit has become critical financial infrastructure by solving core challenges businesses face with international payments

Kirill Gertman, CEO of Conduit, said the funding will help grow the company’s payment capabilities, especially for emerging markets underserved by traditional systems

Conduit’s Series A was co-led by Dragonfly Capital and Altos Ventures, with participation from Circle Ventures, Digital Currency Group, Commerce Ventures and Sound Ventures

Conduit positioned its platform as a modern replacement to legacy banking protocols like SWIFT, claiming to enable near real-time cross-border settlements by combining stablecoins with local fiat currencies

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