Core Insights - Fintech companies are increasingly adopting stablecoins for payments and money transfers due to their advantages, although developing the necessary infrastructure can be slow and costly [1] - Levl aims to provide a platform that allows digital wallets and fintechs to send money globally using stablecoins, simplifying the integration process [1][3] Funding and Valuation - Levl raised $7 million in a seed round led by Galaxy Ventures, with participation from other investors, although the company's valuation was not disclosed [2] Business Model and Clients - Levl's platform abstracts the complexity of integrating traditional payment systems with digital assets, allowing clients to benefit from stablecoins without building infrastructure in-house [3] - The company serves over 20 clients, including TerraPay and Taptap Send, focusing on remittances and business-to-business payments [3] Competitive Landscape - Levl views large banks as its primary competition in the remittance and business-to-business payment space, offering faster and cheaper transactions compared to legacy systems [4] - The platform is positioned as a global solution, capable of processing payments in multiple countries through a single API [5] Transaction Volume and Revenue - Since its launch in August, Levl has achieved an annualized transaction volume exceeding $1 billion, generating revenue through transaction fees [7]