Company press release or official report

Sling Money Raises $15 Million to Revolutionize Global Payments

Aug 14, 2024, 03:36 PM

Sling Money, a stablecoin-based global payment app, has successfully raised $15 million in a Series A funding round. The funding was led by Union Square Ventures (USV), with participation from Ribbit Capital and Slow Ventures. This investment aims to support Sling Money's mission of making cross-border payments instant, easy, and low-cost. The app leverages blockchain technology, using stablecoins to facilitate seamless global transactions. The company's innovative approach is expected to introduce millions of users to cryptocurrency by focusing on the technology as a means rather than an end.