On March 31, 2026, Latitude, a cross-border payments company, emerged from stealth and announced an $8 million financing round led by NEA, with participation from Lightspeed Faction, Coinbase, Paxos, and Solana Foundation, among other investors. Latitude’s flagship product, Global Fiat Payouts, enables U.S. businesses to pay recipients in more than 50 countries by converting dollars to stablecoins and then into local fiat currency. Its second product, International Stablecoin On-and-Off-Ramps, is embeddable directly into wallets and fintechs, and gives users a single API to move between local fiat and stablecoins across multiple markets.

Latitude was co-founded by CEO Cyril Mathew, Vivek Morzaria, and Brian Wrightson, who have extensive experience in crypto, tech, and payments through their work at companies such as Uber, Coinbase, Meta, and Stripe.

Wilson Sonsini Goodrich & Rosati advised Latitude on its financing with a team led by Jonathan Chan and Jocqui Kaup.

For more information, please see Latitude’s blog post and this Fortune article.