Sling Money, an app designed to make the global transfer of money instant, easy, and cheap, has raised $15 million in Series A led by Union Square Ventures, Ribbit Capital, and Slow Ventures. The app combines stablecoin technology with a user-friendly interface to enable fast and affordable money transfers across 50+ countries in Europe and Africa. Transfers are performed using Pax Dollar (USDP), which is a US dollar-backed stablecoin issued by Paxos Trust Company. Sling Money’s goal is to make sending and receiving money as easy as using any other internet service.
Sling Money Raises $15 Million Series A to Transform Global Payments
