Here’s XWeave! This Singapore-headquartered platform enables cross-border payments through stablecoins. Now, they just raised $3M.

• XWeave was founded in 2024 by Milind Sanghavi, who was previously at Meta and PayPal.

Investor check. Jungle Ventures, via FirstCheque@Jungle, and Lightshift led the round, while Menyala (a venture studio founded by Temasek), White Star Capital, Fabric Ventures, DCG, The Venture Dept. and other angel investors joined in/

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🧶 The ABCs of XWeave

Stablecoins are becoming more mainstream in fintech, and XWeave is taking notice.

The company is bridging traditional payment systems (also known as fiat rails) with newer, blockchain-powered stablecoin and digital asset networks.

• What does that actually mean? XWeave helps businesses send global payments that are fast, compliant, and don’t require costly pre-funding (where you have to deposit money in advance just to make a transfer work).

Their platform supports a variety of payment needs—from remittances and treasury operations to wallet integrations and merchant payouts.

And here’s the smart part. XWeave’s optimization engine checks across multiple stablecoins and money transfer routes to find the fastest and most affordable way to send each payment. This helps businesses save money while moving funds almost instantly across borders.

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🪙 Where’s the $$$ going? 

They’ll expand their network in the Middle East and broader Asia, including UAE, Japan, Hong Kong, and Indonesia. 

The platform has already managed real-time payments between Singapore and the Philippines. 

• Oh, and they’re also in talks with regional fintechs and global merchant platforms.