Payment Platform Mural Raises $15 Million Series A
The startup plans to expand its cross-border payment tools, offering businesses more options for managing stablecoin transactions.
Updated on Oct. 21, 2026 in Startups
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Payment platform Mural has raised $15 million in a Series A funding round led by Tether. The capital will support the expansion of the startup's platform, which enables businesses to manage cross-border payments in traditional currencies and stablecoins.
Why it matters
The investment underscores the increasing institutional interest in stablecoin infrastructure for international business payments. As cross-border financial activity shifts toward blockchain-based settlement, startups like Mural are scaling to capture market demand from companies seeking faster, multi-currency payment solutions.
Mural has now raised $28 million in total funding, a significant increase from its $5 million seed round in 2022. The 30-employee firm enters the market as stablecoin payments hit roughly $400 billion in the first eight months of 2026.
The players
Mural
A startup based in New York, Denver, and Bogotá that offers a payment platform for businesses to manage traditional and stablecoin transactions.
Tether
A major provider of stablecoin technology and issuer of the world's most widely traded stablecoin.
North Island Ventures
A venture capital firm that invests in crypto and blockchain-focused companies.
The details
Mural provides an integrated account platform that allows businesses to manage, exchange, and send traditional dollars, local currencies, and stablecoins globally. By bridging these disparate payment rails into a single interface, the company simplifies the complexities of international treasury management. The new capital will be used to further build out this infrastructure, targeting the demand for liquidity and transfer speed in cross-border settlements.
Timeline
2022: Mural was cofounded and raised a $5 million seed round.
July 2025 through June 2026: Cross-border stablecoin flows totaled $220 billion.
First eight months of 2026: Stablecoin payments reached roughly $400 billion.
October 20, 2026: Mural announced its Series A funding round.
Market Landscape
This funding follows a broader market shift characterized by $220 billion in cross-border stablecoin flows from July 2025 through June 2026. Mural positions its platform to compete within this rapidly maturing sector as stablecoin transaction volumes surge globally.
Operators currently navigating high-cost international wires or long settlement times for cross-border operations should track how stablecoin platforms impact their cost-to-serve. While this provides a new competitive tool for treasury management, finance leads should consult with tax and legal counsel regarding the regulatory status of stablecoin adoption in their specific jurisdictions.
The takeaway
The move by Mural highlights a growing effort to professionalize and simplify stablecoin usage for mainstream business treasury needs. Operators looking to lower international transaction friction should monitor whether their existing banking partners integrate similar multi-currency stablecoin capabilities in the coming year.
Further reading
For more developments in this space, visit Startups.
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