Latitude raises $35M in Series A funding led by Oak HC/FT to build stablecoin payment rails

Sending stablecoins across borders takes seconds. Converting them into pesos, naira, or rupees that someone can actually spend? That part still feels like 2015. Latitude, a payments infrastructure startup, just raised $35 million in Series A funding to fix exactly that gap. The round was led by Oak HC/FT, with participation from Coinbase Ventures and other strategic investors. Combined with an $8 million seed round earlier in 2026, Latitude has now pulled in $43 million total to build regulated on- and off-ramps connecting stablecoins to local payment methods. The last mile problem nobody solved Latitude’s pitch is a single API that handles the entire conversion process. Businesses send stablecoins in, and the platform disburses funds in local currencies via bank accounts and mobile wallets. Recipients never touch crypto wallets or manage blockchain-native assets. A founding team built for this specific problem Latitude’s co-founders bring a very specific combination of experience to the table. CEO Cyril Mathew previously worked at both Stripe and Uber. Co-founders Brian Wrightson and Vivek Morzaria round out the leadership, with the broader founding team drawing from stints at Coi...