Mural, a startup founded by former Palantir engineers, raises $15 million bid to connect banks to the emerging bot economy
Tether led the round in the New York-based startup, which helps businesses manage payments across currencies and borders.
Mural, a startup co-founded by ex-Palantir engineers Sinclair Toffa and Chris Fernandes, has secured $15 million in Series A funding to simplify international payments for businesses. The stablecoin boom has the potential to revolutionize global commerce, yet the current system still relies on banks, payment providers, and complex regulations.
Mural aims to streamline this process by providing a unified platform for managing international transactions, encompassing traditional dollars, local currencies, and stablecoins. The team moved away from their Palantir roles to establish Mural, which offers a compliant system of record, enabling businesses and fintechs to create new financial products atop their infrastructure.
Tether, behind the USDT stablecoin, led the funding round, while North Island Ventures also participated. This $28 million funding round, including earlier investments, pushes Mural towards its goal of becoming a go-to solution for global payments.
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