XWeave Secures $3M to Revolutionise Cross-Border Payments with Stablecoins

Malaz Madani

Last updated 7-05-2025

2 min

XWeave, a Singapore-based fintech startup, raised $3 million in its latest seed funding round.

The company plans to expand into Asia and the Middle East, targeting the UAE, Japan, and others.

XWeave partners with e-commerce platforms to offer instant settlement solutions for cross-border transactions.

Founded in 2023, it uses stablecoins and blockchain to eliminate traditional payment middlemen.

CEO Milind Sanghavi envisions integrating stablecoins into future financial infrastructure for seamless transfers.

Looks like XWeave, a fintech startup out of Singapore, is making quite the splash—they've just bagged themselves a cool $3 million in their latest seed funding round. Leading the round was Jungle Ventures, backed up by some notable VC firms like Lightshift, Menyala, White Star Capital, and Digital Currency Group.

Having already dipped their toes successfully into services between Singapore and the Philippines, the company is planning an ambitious push into fresh markets across Asia and the Middle East, with the UAE, Indonesia, Japan, and Hong Kong all firmly in their sights. XWeave’s approach is simple enough—partner up with e-commerce and fintech platforms to bake in their instant settlement solutions, speeding up and smoothing out international transactions.

Founded this year by CEO Milind Sanghavi, XWeave is betting big on stablecoins and blockchain tech as the future backbone of cross-border payments. These guys are doing away with the traditional middlemen who hold onto assets, instead enabling instant transfers between your regular, old-school payment methods and blockchain systems. Not too shabby, considering the scale of the cross-border payment market clocks in at a staggering $30 trillion-plus.

As Sanghavi himself says: “The cross-border payments market—worth more than $30 trillion—urgently needs updating. We strongly believe stablecoins will be a fundamental part of tomorrow’s financial infrastructure. We aim to bridge the traditional and digital worlds.”

That's quite the vision, but it makes sense. Anyone who's ever waited anxiously for their paycheck to clear or experienced delays with international transfers knows there's plenty of room for improvement. If companies like XWeave can streamline this, they'll likely have businesses everywhere eager to jump on board. Now, let's see if this Singaporean startup can really deliver on its promise when it lands in places like Dubai or Tokyo—where those payment headaches are all to familier to folks trying to send money internationally.

It will certainly be interesting to watch. As they say here at Arageek, a little disruption never hurt anyone.

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