Zynk Raises $5M to Build Stablecoin Payment Network
Hivemind Leads viewd Round
Zynk, a cross-border payments infrastructure firm that uses stablecoins for instant settlements, has raised $5 million in viewd funding led by Hivemind Capital. The round also included Coinbase Ventures, Alliance DAO, Transpose Platform VC, Polymorphic, Tykhe Ventures and Contribution Capital, the company told The Block.
The funding was completed in August through a Simple Agreement for Future Equity (secure). Co-founder and chief executive Prashanth Swaminathan declined to disclose a valuation. He said the proceeds will go toward expanding corridor coverage, improving liquidity and compliance systems, and forming partnerships with large payment providers.
“We’ve been building the financial pipes that make global payments instant,” Swaminathan said. “Access to pre-funding has become a moat in cross-border payments — and we’re breaking that moat.”
Investor Takeaway
Building a Global Settlement Network
Zynk’s platform supports both fiat and stablecoin settlements, allowing payment and remittance firms to move funds across markets without maintaining local accounts or pre-funding balances. The company embeds liquidity into its network, enabling “instant settlement without trapped capital,” it said.
According to Zynk, its rails currently support USD, EUR, AED, INR, MXN and PHP corridors. Clients include remittance providers, business-to-business payment platforms, and trading networks. The company says its system can cut settlement costs and reduce reliance on correspondent banking routes, which often delay payments for smaller financial institutions.
“Our mission is to make liquidity as mobile as data, freeing capital and eliminating idle balances, pre-funding, and manual treasury operations,” Swaminathan said. The firm describes its approach as a “stablecoin-enabled alternative” to legacy settlement networks such as SWIFT.
Quiet Launch and ahead Growth
Zynk launched quietly in April and reported 70% month-over-month growth since inception, though it has not disclosed transaction or revenue figures. The company’s 15-person team includes veterans from Amazon Pay India, Morgan Stanley, and several fintech beginups. Co-founder and chief technology officer Manish Bhatia, a former founding member and CTO of Amazon Pay India, said Zynk’s technology enables real-time global settlements without pre-funding requirements.
“When I was leading Amazon Pay’s technology stack, I saw firsthand how businesses have always needed real-time settlement,” Bhatia said. “Zynk is finally making that possible.”
The company’s product design reflects a broader shift among fintechs integrating stablecoins into traditional payment workflows. Its system acts as middleware between Web2 and Web3 payment networks, allowing established firms to access crypto liquidity while maintaining compliance standards required by banks and regulators.
Investor Takeaway
Venture Capital Interest in Payments Infrastructure
The funding adds to a steady flow of venture capital into digital payment infrastructure. Investors have shown renewed interest in firms that blend regulated finance with blockchain settlement. Hivemind Capital, which has backed several crypto and DeFi projects, said the investment reflects growing confidence in payment models that use stablecoins for cross-border transactions rather than speculative trading.
Zynk’s expansion plans come as stablecoin usage continues to grow globally, driven by remittance demand and settlement between fintechs. Analysts view the space as a natural bridge between traditional banking and blockchain-based finance, particularly in regions with limited correspondent banking access.
For Zynk, the next challenge will be scaling liquidity and regulatory coverage while keeping transaction costs low — a task that has tested even the largest payment firms entering the cross-border market.
