Mural, a New York-based fintech infrastructure startup, has raised $15 million in a Series A funding round led by Tether, with participation from North Island Ventures and existing investors. The round brings the company’s total funding to $28 million.
Founded in 2022 by former Palantir engineers Sinclair Toffa and Chris Fernandes, Mural develops financial infrastructure that enables fintech companies and digital platforms to manage accounts, payments, identity verification, and compliance through a unified system.
The company’s platform integrates traditional banking infrastructure with stablecoin and local currency payment networks. It allows businesses to offer financial products that support cross-border transactions, multi-currency accounts, and payments initiated by authorised AI agents.
Mural also provides compliance and transaction controls, including account limits, approved counterparties, and configurable payment approvals. Its infrastructure is designed to help businesses manage financial operations across multiple markets without separately integrating banking partners, payment providers, and compliance systems.
The company serves customers including Deel, Opera, and Axexo. According to Mural, its platform has processed $2.1 billion in payment volume for end users across 128 countries since the launch of its API in 2025.
Mural plans to use the new capital to expand internationally and strengthen its regulatory and payments infrastructure, including capabilities supporting financial transactions carried out by AI agents on behalf of users and businesses.
