Layer2 Financial announced the completion of a $10.70 million Series A financing round.

According to Fortune, Layer2 Financial announced the completion of a $10.70 million Series A financing round, led by Galaxy Ventures, with participation from Accomplice and Sapphire Ventures. Layer2 Financial is a company that provides cross-border payment infrastructure, supporting fiat and cryptocurrency payments. Its clients include non-bank financial institutions, traditional banks, emerging banks, and other payment companies. CEO Bhanu Kohli stated that Layer2's long-term goal is to replace the Swift system in the next 10 years, enabling global cross-border transfers through blockchain.