XWeave Breakthrough: $3M Seed Funding Fuels Strategic Expansion

XWeave, a cutting-edge platform for facilitating instant cross-border payments through stablecoins, recently completed a $3 million seed funding round spearheaded by Jungle Ventures and Lightshift. Accompanied by Menyala—founded by Temasek, White Star Capital, Fabric Ventures, DCG, and The Venture Dept.—among its backers, this investment signifies a robust endorsement of XWeave’s vision to revolutionize cross-border money transfers. Set to channel these resources into broadening its operational network into the Middle East and Asia, the company seeks collaboration with regional fintechs and global merchants. Founded in 2024 by Milind Sanghavi, a seasoned executive with tenures at Meta and PayPal, XWeave is poised to bridge traditional banking systems with blockchain networks, offering regulatory-compliant, near-instant payments without the need for pre-funding. Since its inception, XWeave has demonstrated its efficacy between Singapore and the Philippines, with aspirations to extend its reach across key markets like the UAE, Japan, and Hong Kong. Positioned as a transformative layer in the cross-border payments market, the platform leverages an intelligent optimization engine to efficiently manage stablecoin and fiat transactions, potentially overhauling the $30 trillion global payments landscape. Backers such as Jungle Ventures express confidence in XWeave’s strategic alignment with the evolving financial ecosystem, emphasizing its potential to integrate the benefits of blockchain with established financial frameworks.