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Business Wire
3 days ago
- Business
- Business Wire
LIMITED Raises $7 Million Seed Round to Scale Global Stablecoin Banking Platform
SAN FRANCISCO--(BUSINESS WIRE)--Limited, a next-generation fintech startup offering stablecoin-based premium global banking services with self-custody, today announced it has raised a $7 million Seed funding round led by North Island Ventures, with participation from existing investors Third Prime and Arche Capital, alongside new investors Collab+Currency and SevenX Ventures. This brings Limited's total funding to $10 million since its founding in 2024. "With stablecoin transaction volumes exceeding $30 trillion annually and global remittance fees averaging 6.3%, we've created a solution that finally resolves the traditional tradeoff between self-custody security and ease of use," said Hussein Ahmed Share Limited has built a comprehensive banking and payments platform that merges the security of self-custody stablecoins with the accessibility of premium banking services, now available in 176 countries via iOS, Android, and web applications. The platform enables businesses and individuals to access global payment rails while maintaining complete control of their funds through self-custody wallets—all while enjoying premium card benefits typically reserved for traditional banking customers. "With stablecoin transaction volumes exceeding $30 trillion annually and global remittance fees averaging 6.3%, we've created a solution that finally resolves the traditional tradeoff between self-custody security and ease of use," said Hussein Ahmed, Limited's founder and CEO. "This funding will accelerate our growth in high-opportunity markets across Latin America, Southeast Asia, and the Middle East where demand for borderless financial services is strongest. Having top-tier backers with deep expertise in both fintech and crypto gives us the strategic support needed to transform global banking at scale." Travis Scher, Co-Founder and Managing Partner at North Island Ventures, highlighted the potential of Limited's approach: "We've long believed that stablecoins represent one of the most compelling use cases for blockchain technology—providing access to stable currencies and efficient payment rails globally. Limited has built an elegant solution that makes stablecoins practical and accessible for everyday banking and commerce, not just trading. By solving the critical challenge of balancing security with usability, they've created a truly differentiated product." The company continues to receive strong support from existing investors, including Third Prime, which led Limited's pre-seed round. "Since our initial investment last year, Limited has executed exceptionally well on its product vision, delivering a full-featured platform that seamlessly bridges traditional finance and cryptocurrency infrastructure," said Wes Barton, Co-founder and General Partner at Third Prime. "The team's ability to solve complex regulatory and technical challenges while maintaining a premium user experience has only strengthened our conviction in Limited's potential to redefine global banking." For Collab+Currency, the investment aligns with their thesis on consumer applications that can spur mass adoption. "We stand at a unique moment in history where banking features can be combined with self-custody security, and these financial services will expand to a global population," said Stephen McKeon, Managing Partner at Collab+Currency. "Limited has addressed one of the fundamental tensions that has constrained mainstream adoption and is providing users worldwide with the security controls they deserve but rarely receive." Jon Liu, Founding Partner at SevenX Ventures, emphasized the strategic importance of Limited's APAC focus: "As a fund deeply embedded in Asian markets, we recognize the immense opportunity for stablecoin-based banking in the region. The APAC market has shown strong demand for better cross-border financial solutions. Limited's elegant platform bridges this gap with a polished, comprehensive solution that resonates with both crypto-native users and traditional finance customers." Vanessa Grellet of Arche Capital added: "We're pleased to continue supporting Limited as they execute on their vision of borderless, self-custodial banking. The company's momentum since our initial investment confirms our belief in both the market opportunity and the team's ability to capture it." Limited's platform offers U.S. and EU bank accounts with automatic conversion to self-custodial stablecoins, tiered Visa and Mastercard programs with premium benefits, and cross-border payment solutions supporting 300+ local payment methods across 80+ currencies. By combining enterprise-grade security with intuitive user experience, Limited has solved the long-standing trade-off between security and usability in the crypto space. While the previous fintech generation largely repackaged traditional banking infrastructure with improved interfaces, Limited represents a fundamental reconstruction of global banking—delivering solutions that are structurally superior rather than merely incrementally better. For more information, visit or download the Limited app from the App Store and Google Play—available now in app stores across 176 countries. About Limited Limited is a next-generation financial platform offering stablecoin-based premium global banking services with self-custody. Founded in 2024 by Hussein Ahmed (previously founder of Oxygen Banking), Limited provides a comprehensive suite of financial tools including virtual bank accounts, premium card programs, and cross-border payment solutions. By combining the security of self-custody with the convenience of traditional banking, Limited empowers users and corporations globally to take control of their financial future.
Finextra
15-05-2025
- Business
- Finextra
Limited adopts Snowdrop's transaction enrichment API
Limited has integrated Snowdrop's transaction enrichment API, bringing a whole new level of clarity to transactions for its users. 0 Limited is a US-based company offering a truly global self-custodial experience to customers in 176 countries - giving them the freedom to spend, save, invest, and transact, all on their own terms. With this integration, customers can now easily recognise merchants and brands through brand logos and detailed merchant information right within their transaction history. This enhancement improves the overall experience by making global finance more intuitive and user-friendly. Hussein Ahmed, CEO & Founder at Limited added: 'Transaction clarity builds financial confidence. With Snowdrop, we're ensuring our customers across 176 countries can instantly recognize their spending with the visual polish expected from premium financial services - merging the best of crypto security with banking elegance'.
