1982 Ventures joins Limited’s US$18.5M seed round to simplify cross-border business banking
For companies selling, hiring or operating across multiple countries, the promise of going global often runs into a very old problem: banking still behaves as if borders are hard walls. Opening local accounts can require entities, paperwork and long waits. Payments move through correspondent banks. Foreign exchange fees are not always clear. Finance teams end […] The post 1982 Ventures joins…
Limited, a San Francisco-based fintech startup founded in 2024, has raised US$18.5 million in seed funding to simplify cross-border business banking. The company aims to address the long-standing problem of banks treating borders as hard walls, making it difficult for companies to open local accounts, move money, and manage expenses across jurisdictions.
Limited offers a global business account for multinational companies, providing accounts across the US, EU, UK, Latin America, and Africa, as well as support for payments to more than 170 countries. The platform also offers local-currency payouts in over 60 currencies, corporate cards, spend controls, accounting integrations, and stablecoin rails for real-time transfers.
The investment round was led by Third Prime with participation from 1982 Ventures, ParaFi Capital, Pharsalus Capital, Digital Currency Group, and Onigiri Capital. Existing investors North Island Ventures, The House Fund, and Collab+Currency also returned. Limited's CEO, Hussein Ahmed, attributes the rapid raise to strong customer demand and the company's lean team with a focus on expanding senior hires, local corridors, and treasury features.
The company faces a fragmented financial system for international companies, requiring them to work with local banks, manage slow wire transfers, and reconcile multiple systems. Stablecoins, which are digital tokens designed to track the value of fiat currencies, are seen as a potential solution to reduce settlement times and improve cross-border payments.
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