Cybrid achieves 5x growth as regulated banks, remittance providers, and B2B payment companies embrace its stablecoin infrastructure
Cybrid, a leading platform powering compliant stablecoin and fiat payment infrastructure, has raised $10 million in a Series A funding round led by the Growth Venture Fund at BDC Capital, with participation from Golden Ventures, Luge Capital, and Panache Ventures. The new funding will help Cybrid accelerate its mission to make stablecoins the preferred choice for financial institutions, cross-border remittances, and B2B payments.
With the rise of digital finance, stablecoins have quickly become one of the most efficient ways to move money globally faster, cheaper, and more transparently than traditional payment rails. Yet, many financial institutions and fintechs still face challenges around compliance, integration, and scalability. Cybrid aims to change that.
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“At Cybrid, we’ve built the intelligent payment infrastructure that fintechs, enterprises, and financial institutions need to adopt stablecoins at scale with compliance baked in,” said Avinash Chidambaram, Co-Founder and CEO of Cybrid. “This funding allows us to accelerate our mission and bring faster, more transparent, and lower-cost payments to businesses around the world.”
Cybrid’s API-first platform combines stablecoin, fiat, and compliance infrastructure into one seamless solution. The company has rapidly expanded across the U.S. and Canada, enabling organizations to launch stablecoin-powered payment products that reach over 150 countries — cutting transaction costs by up to 90% and ensuring full regulatory transparency. Over the past year, Cybrid has seen fivefold growth, reflecting the market’s surging demand for modern, borderless payment systems.
Stablecoin payment volume has already doubled year-over-year, reaching an astonishing $5.7 trillion — about 25% of total card network volume. As cross-border payments remain slow, expensive, and fragmented, Cybrid is positioning itself as the bridge between traditional finance and the next generation of digital money movement.
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“The team at Cybrid brings deep expertise in building world-class payment and banking infrastructure,” said Jack Fraser, Partner at BDC Capital’s Growth Venture Fund. “Their experience in compliance and digital assets sets them apart, and we’re proud to lead this round to help them scale their impact across financial institutions and B2B payments.”
Cybrid’s leadership team blends years of experience across fintech, payments, and digital assets. CEO Avinash Chidambaram previously helped launch Apple Pay in Canada and led platform development at Interac and BlackBerry. Co-founder and CTO Brent Carrara is a recognized expert in biometrics, cryptography, and security, while Principal Engineer Michael Carrara previously worked with Bread Wallet (acquired by Coinbase) and BlackBerry. President and COO Dean Brauer co-founded and scaled GoHenry — the leading financial education and kids’ banking app acquired by Acorns in 2023 and Co-founder & VP of Sales Ali Irshad brings experience from Airmeet, backed by Sequoia and Accel.
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“Stablecoins are poised to transform how money moves especially for cross-border transactions where speed, cost, and trust are everything,” Chidambaram added. “Cybrid is building the infrastructure to make that transformation happen safely, efficiently, and at scale.”
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