The inventory draws on DropsTab’s funding table and DefiLlama’s raises database, with material deals checked against company announcements, filings, and crypto.news coverage. The total counts new financing announced during the reporting period. It excludes acquisitions, older rounds, and valuations.
HIFI raises $37 million for stablecoin infrastructure
HIFI announced a $37 million Series A on Sep. 24, led by Left Lane Capital. The company said the funding will support its stablecoin settlement platform and expansion into card issuance and tokenized capital markets. HIFI also plans to add staff and deepen its regulatory coverage.
The New York company offers payment infrastructure that connects stablecoins with conventional financial services. Its announcement cites a Visa Direct integration for payouts and a connection to the Circle Payments Network. HIFI said its platform processes more than $7 billion in annualized volume, a business measure separate from the amount raised.
Forward Industries completes $25 million stock offering
Forward Industries completed a $25 million registered direct offering to an institutional investor. Its SEC filing says the company sold 3,125,000 common shares for approximately $25 million in gross proceeds before fees and expenses. The filing does not name the buyer.
Forward said the financing is intended to expand its SOL treasury. The U.S. public company holds and stakes Solana as part of a digital-asset strategy it began in 2025. Its share sale is included in the overall financing total but is separate from the private venture rounds.
Atum launches with $13.5 million for payments network
Atum announced $13.5 million in funding as it emerged from stealth on Sep. 22. Its investors include Variant, PayPal Ventures, Abstract Ventures, Road Capital, Mirana Ventures, First Commit and Credibly Neutral.
The company is building a network to coordinate transfers across stablecoins, blockchains and other payment systems. Atum says it does not issue a currency or take custody of customer funds. It is targeting financial institutions and stablecoin card issuers. The announcement disclosed the amount and investors but did not give the financing a seed or Series A label.
MeshWallet secures $10 million for $USDT wallet
TRON-based MeshWallet raised $10 million in a private round backed by private investors and small family offices. The Tallinn-based company said it will use the money to develop its self-custodial wallet and add services for retail and business users.
MeshWallet’s product lets users send TRC-20 $USDT without keeping a separate TRX balance for network fees. The company did not identify an individual lead investor in the crypto.news report. Its round, together with HIFI’s and Atum’s, brought disclosed payment-related financing to $60.5 million for the week.
Funding from $6 million to $8 million
- CatchBack — $8 million seed: Foundation Capital led the collectibles marketplace’s round, with Y Combinator, Robinhood Ventures, Coinbase Ventures and the Solana Foundation participating, according to RootData. CatchBack links digital mystery packs to physical trading cards that users can trade or redeem.
- Infini — $6 million seed: The company announced the close of its round on Sep. 22. Its platform uses stablecoin settlement for accounts, payments, cards, and treasury services. DefiLlama lists Reforge, Enlight Capital, Fortwest Capital, NexGen Capital, SNZ Capital and Vernal Capital among the investors.
Funding below $5 million
- infiniFi — more than $3 million: Electric Capital led the DeFi protocol’s latest round, with New Form Capital, Generative Ventures, Fasanara Capital and others participating. The company said the financing brings its total outside funding across earlier and current rounds to more than $6 million. Only the newly announced amount is counted this week.
- functionSPACE — $1.7 million pre-seed: Maven 11 Capital led the round for an onchain pricing protocol, with Blockwall and Smape Capital participating, according to CryptoRank. DropsTab dates the round to Sep. 24.
Undisclosed strategic and seed rounds
- XStable — undisclosed investment: DefiLlama lists YZi Labs, the Sui Foundation, Taisu Ventures and CatcherVC as backers of the project, which is building onchain trading infrastructure for precious metals and foreign-exchange markets. The amount is excluded from the weekly total.
- Travix — undisclosed seed round: DefiLlama lists Amber Group as lead investor in the onchain perpetuals project. The database dates the entry to Sep. 21 and gives no amount.
