Singapore — XWeave, a non-custodial cross-border payments platform leveraging stablecoins, has announced the close of its $3 million seed funding round. The round was led by Jungle Ventures through its First Cheque@Jungle program, along with Lightshift.
The funding also saw follow-on investment from Menyala, a venture studio founded by Singaporean sovereign wealth fund Temasek, and new participation from White Star Capital, Fabric Ventures, Digital Currency Group (DCG), The Venture Dept., and several prominent angel investors.
Founded in 2024, XWeave offers a next-generation payments infrastructure that bridges blockchain-based stablecoin rails with traditional fiat systems, enabling businesses to execute instant, compliant, and cost-efficient cross-border money transfers.
The firm plans to use the fresh capital to scale operations and expand its network across key non-G10 markets in the Middle East and Asia. Upcoming target corridors include the United Arab Emirates (UAE), Japan, Hong Kong, and Indonesia.
“Our goal is to be the connective tissue of the $30 trillion cross-border payments market, delivering the speed, transparency, and control modern businesses demand,” said Milind Sanghavi, Founder and CEO of XWeave. “As stablecoins evolve into mainstream financial infrastructure, we are building the rails that allow businesses to move money across borders as easily as sending a text message — all while maintaining compliance with regulated flows.”
Since its soft launch in December 2024, XWeave has successfully facilitated real-time payments between Singapore and the Philippines. The platform is designed for interoperability and supports a wide range of use cases including remittances, treasury operations, merchant payouts, and wallet integrations.
Its proprietary optimization engine dynamically selects the most efficient path for each transaction, intelligently scanning multiple stablecoins and fiat on/off ramps to ensure speed and cost-effectiveness. Importantly, XWeave operates as a non-custodial platform, meaning businesses retain control over their funds without relying on intermediaries.
“Milind and his team are solving one of fintech’s most complex and pressing challenges—making global money movement seamless and scalable,” said Rishab Malik, Partner for Seed Investments at Jungle Ventures. “Their timing couldn’t be better, with digital assets gaining regulatory clarity and enterprise adoption accelerating.”
Anil Hansjee, General Partner at Fabric Ventures, praised the team’s deep experience in emerging markets and its ability to deliver optimized payment flows without the need for pre-funding. “XWeave is a trusted partner for cross-border trade, tackling the growing fragmentation in networks, liquidity, and local currency stablecoins.”
XWeave is currently in discussions with regional fintechs and global merchant platforms to embed its real-time cross-border settlement capabilities into their products, further accelerating its mission to modernize the global payments infrastructure.
