Sling Money Raises $15M Series A for Blockchain-Based Global Transfers

Aug 14, 2024, 03:17 PM

Sling Money, a company focused on peer-to-peer international money transfers, has successfully raised $15 million in a Series A funding round. The round was led by Union Square Ventures (USV) with participation from Ribbit Capital and Slow Ventures. The funding aims to support Sling Money's mission to make global money transfers instant, easy, and low-cost by leveraging blockchain technology. The platform is described as a 'global Venmo' and aims to introduce millions of users to cryptocurrency through its use of stablecoins for cross-border payments.