London’s IMMIX secures €3.12 million to build FX infrastructure for stablecoin payments beyond the US dollar
IMMIX, a London-based AI-native trading firm that helps payment companies exchange stablecoins between currencies, has raised €3.12 million ($3.5 million) in funding. The round was backed by Crane Venture Partners, BTSE, and Portfolio Ventures. The funding follows the company’s €2.5 million ($2.7 million) Seed round, led by MassMutual Ventures, with participation from Ripple Ventures in […] The…
London-based AI-native trading firm IMMIX has secured €3.12 million ($3.5 million) in funding to build FX infrastructure for stablecoin payments beyond the US dollar. The round, led by Crane Venture Partners, BTSE, and Portfolio Ventures, follows a €2.5 million ($2.7 million) Seed round in late 2023 led by MassMutual Ventures with participation from Ripple Ventures.
IMMIX aims to reduce the cost and complexity of stablecoin FX, especially outside the dollar market, where fewer buyers and sellers are available, leading to stacked costs that can erode margins. The company's solution involves acting as a principal on both sides of the trade, collapsing multiple FX legs into a single, directly priced transaction.
The new funding will be used to develop IMMIX's AI-powered pricing engine, expand liquidity, and grow its partner distribution network.
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