Mural raises $15m to connect banks to the bot economy

Former Palantir engineers launch a platform to simplify international payments as stablecoins and AI agents reshape financial services.

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Mural raises $15m to connect banks to the bot economy

Former Palantir engineers launch a platform to simplify international payments as stablecoins and AI agents reshape financial services.

In brief

Former Palantir engineers launch a platform to simplify international payments as stablecoins and AI agents reshape financial services. Mural, a New York startup founded by former Palantir engineers, raised fifteen million dollars in Series A funding to build a platform that lets businesses manage international…

The problem Mural solves

Businesses juggle banks, payment providers and regulations to move money across borders. Mural offers one platform to manage international payments instead of piecing systems together themselves.

Mural's fifteen million dollar round

Cofounded by former Palantir engineers Sinclair Toffa and Chris Fernandes in two thousand twenty-two, Mural announced Tuesday it raised a fifteen million dollar Series A. The startup will use funds to build its platform further.

How Mural's platform works

How Mural's platform works

Customers including payroll providers, software companies and fintechs get a single account holding traditional dollars, local currencies and stablecoins.

“building this… compliant system of record that allows for businesses and fintechs to launch new financial products on top of us”

Stablecoins are growing fast

Stablecoin payments reached roughly four hundred billion dollars in the first eight months of twenty twenty-six, up from the same period a year earlier.

Tether leads the funding round

Tether, issuer of the USDT stablecoin, led Mural's Series A with participation from North Island Ventures.

AI agents and the future

Tether CEO Paolo Ardoino said the investment reflects a bet on AI agents becoming regular handlers of financial services.

“Those agents will need access to payment systems that operate around the clock and can reach people across the world”

The takeaway

Mural, a New York startup founded by former Palantir engineers, raised fifteen million dollars in Series A funding to build a platform that lets businesses manage international payments using traditional currencies, local money and stablecoins from a single account.

Read the original on Fortune

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