Circle Ventures backs CrissCross through Stitch Group
The investment supports cross-border payment infrastructure linking stablecoins with local African payment networks.
CrissCross announced on October 26 that Circle Ventures had invested through its parent company, Stitch Group. The amount and financing instrument were not disclosed.
The backing supports local payment connections, liquidity and enterprise stablecoin settlement across African markets. CrissCross combines collections, payouts, treasury and foreign exchange services, connecting blockchain settlement to money delivered through local payment systems.
The investment follows CrissCross’s separate partnership with Velocity, announced on October 8, to connect institutional stablecoin liquidity with its regional payment infrastructure.
Use of funds
Expand local payment connections and liquidity
Develop stablecoin settlement for enterprise customers
Grow the client-support team