The problem
Paying contractors, sellers and users abroad is slow, costly and needs a different provider and license in every country
What they do
One API that pays out abroad in local currency, using stablecoins to settle behind the scenes
Traction Payouts to 50+ countries; licensed in 45 US markets; revenue not disclosed (beta in Mar 2026)
Hiring trend
- Open roles
- 5
- Ops roles
- 1
- Headcount
- ~15
Team ~11 (Mar 2026) to ~14-15 (Sep-Oct 2026); 4 open roles, all US remote
Hiring in
- Remote (US)
Funding
- Last round
- $35M
- Stage
- Series A
- Date
- Sep 2026
Led by Oak HC/FT (Series A); NEA (seed)
- Hiring+15 open roles on the live job board (3–9 roles = +1)
- Funding recency+1.5Series A · $35M, Sep 2026 (1 month ago): 6 months or less = +1.5
- Traction+0.75Some growth: Payouts to 50+ countries; licensed in 45 US markets; revenue not disclosed (beta in Mar 2026)
- Red flags0None found in the last 24 months
- Total3.251 + 1.5 + 0.75 − 0 = 3.25 → Steady (1.5–3.49)
Distance (Unproven) is a separate read on how long the lead can last. It doesn't change the score.
Distance
Unproven
About 15 people and out of stealth only since Mar 2026, with early customers like Zencastr; owning its own licenses in 45 US markets is a real head start, but it faces Bridge (Stripe) and BVNK (Mastercard).
Sources: Oak HC/FT: Why we led Latitude's $35M Series A (Sep 2026) ↗ · Fortune: Latitude raises $8M seed, 11 employees, in beta (Mar 2026) ↗ · Payments Dive: Q&A with CEO Cyril Mathew, 14 employees, ~50 countries (Oct 2026) ↗
Open ops roles · 1
Last checked Oct 25, 2026