Walapay Raises $4.6m to Expand Cross-Border Payments Infrastructure

Payments infrastructure company Walapay has raised $4.6 million in seed funding to expand its cross-border payments network, deepen banking relationships and obtain additional licences in markets where businesses face difficulties moving money internationally.

The funding round was led by Generative Ventures, with participation from Commerce Ventures, Polygon, Verda Ventures, NGC Ventures, FGV Capital, AAF, Jsquare, Knollwood, Big Brain Holdings and other investors. The company announced the round on October 1, 2026.

Walapay was founded by brothers Tom Borgers and Dimitri Borgers. The company provides a single API that allows businesses, fintechs, payment service providers and financial institutions to issue multi-currency accounts, collect payments, convert currencies and make payouts across different markets.

Building Cross-Border Payment Infrastructure

Walapay is targeting a problem that continues to affect international payments: getting money from a global financial network into a local bank account, in the correct currency and through a local payment system.

The company says cross-border payments can pass through several banks and payment providers before reaching their final destination. Each additional intermediary can add fees, delays and potential points of failure.

Walapay's approach is to connect with local banking and payment infrastructure in the markets where it operates. Its platform supports payments involving traditional currencies and stablecoins, allowing customers to choose the payment rails that fit their transactions.

The company says it currently operates in more than 180 countries and supports more than 60 currencies. Its customers include fintech and payments companies such as Kast, Nuvei and Bastion.

Walapay's platform also supports multi-currency accounts, allowing customers to receive and send money through local payment rails. Its infrastructure can handle fiat-to-fiat, fiat-to-stablecoin and stablecoin-to-fiat transactions, alongside compliance functions covering customer and business verification and transaction monitoring.

Stablecoins Form Part of the Strategy

Stablecoins are an important part of Walapay's payments infrastructure.

The company uses dollar-pegged digital assets as one of the tools for moving and settling money across borders. Its platform allows businesses and payment providers to move between fiat currencies and stablecoins and manage transactions through different payment networks.

Walapay also provides access to digital-dollar products for eligible customers and supports different custody arrangements depending on regulatory and operational requirements.

The company says it has processed $2.5 billion in annualised total payment volume and serves more than 100,000 customers.

Funding to Expand the Network

Walapay plans to use the new capital to expand its licensing footprint, strengthen banking partnerships and grow its team.

The funding comes as payment companies increasingly explore stablecoins and alternative payment rails as tools for reducing the cost and time involved in international transactions.

Walapay is also looking at the emerging role of AI-powered commerce, where autonomous software agents could eventually make payments or move funds on behalf of businesses and consumers. The company says its existing infrastructure could support these transactions without requiring a separate payments network.

Walapays next stage will focus on expanding the local infrastructure behind its global network. The company is betting that businesses and fintechs will need payment platforms that connect international money movement with local banking systems as cross-border commerce grows.