Mural has raised $15 million in Series A financing, bringing its total funding to $28 million. The company provides payment infrastructure that connects traditional banking and blockchain rails while managing the financial licenses, partner bank relationships and local settlement integrations behind them. Since launching its API in 2025, Mural says it has processed $2.1 billion in payments across 128 countries. The company plans to place more engineers directly with enterprise clients to address jurisdiction-specific regulatory and banking requirements. Its platform also uses a policy and compliance engine to apply controls such as approved counterparty lists, transfer caps and additional approvals for large transactions. Mural counts Deel, Opera and Axexo among its enterprise clients. The financing comes as research cited in the verified data points to substantial stablecoin payment activity, although the available figures measure different periods and types of flows. Mural did not disclose a valuation for the round.

Ramp said on October 15, 2026, that it raised $1.85 billion in primary financing at a $60 billion valuation, up 36% from the valuation attached to a $750 million round four months earlier. Dragoneer Investment Group led the new financing, with Thrive Capital, Founders Fund, Sands Capital and Avenir Growth as co-leads. Ramp reported annualized revenue above $2 billion, positive cash flow, more than 85,000 business customers and annualized transaction volume exceeding $275 billion, up 175% year over year. The spend-management company plans to invest in AI-driven financial automation and proprietary model infrastructure while expanding in the UK and continental Europe. Its existing initiatives include Router.com, an API designed to help enterprises manage generative AI costs, and acquisitions that secured UK and European payment licenses. Ramp has not disclosed how it will divide the proceeds among its priorities or set specific European launch dates. The financing follows Capital One’s acquisition of competitor Brex earlier this year.