Latitude Global settles payments in under two minutes via stablecoins
Latitude Global offers payment settlement in less than two minutes, according to CEO Cyril Mathew in a Sept. 21 interview. The company’s network reaches about 50 countries and it aims to enter about 200 in the coming years. Latitude has raised $43 million in equity funding, including $35 million announced last month.
Latitude provides fiat on‑and‑off ramps that let neobanks and other firms use stablecoins to transfer money within their apps, and it is focused on meeting clear demand for more emerging markets in Southeast Asia and Africa. The firm employs 14 people and holds money‑transmitter licenses in 45 U.S. states, with applications pending for the remaining five. Founded in January 2025 by former Stripe crypto executive Cyril Mathew, ex‑Stripe engineer Brian Wrightson (CTO), and former Zero Hash leader Vivek Morzaria. Latitude supports USDC and USDT stablecoins for its cross‑border transfers, and Mathew is based in Spring, Texas, a Houston suburb.
“We support several: USDC (Circle), we support USDT (Tether),” Cyril Mathew, CEO said.
“There doesn’t need to be 1,000 stablecoins or 1,000 blockchains, and I’m using a high number on purpose,” Cyril Mathew, CEO said.
Mathew, a former Stripe cryptocurrency executive, established Latitude in January 2025 with Brian Wrightson, a former Stripe engineer who serves as chief technology officer, and Vivek Morzaria, a former executive with Zero Hash, a cryptocurrency infrastructure startup. Latitude has raised $43 million in equity funding, including $35 million announced last month.
What we know
Latitude offers payment settlement in less than two minutes.
Latitude’s network reaches about 50 countries.
Latitude aims to enter about 200 countries in the coming years.
Latitude has 14 employees.
Latitude is regulated in 45 U.S. states.