Fintech startup Zynk raises $5 Mn in seed round from Hivemind Capital, others

Zynk, a cross-border fintech infrastructure startup has raised $5 million (about INR 44 Cr) in its seed funding round led by Hivemind Capital.

The round also saw participation from investors like Coinbase Ventures, Transpose Platform VC, Polymorphic Capital, Tykhe Ventures, among others. 

The new funding will be used to expand Zynk’s international money transfer network, which currently supports currencies such as the US Dollar, Euro, Dirham, Indian Rupee, and Peso. The company also plans to enhance its security and compliance systems and partner with global banks and payment firms to make cross-border transactions faster and easier.

Read Also- GenAI-led content creation platform Quickads raises $1.7 million in seed round

“We want to focus on distribution by expanding the country pairs we support for sending and receiving money, and re-engineer our compliance stack. We also plan to build strategic partnerships with larger clients,” said cofounder and CEO Prashanth Swaminathan.

“We are enabling these cross-border transactions instantly with embedded, just-in-time liquidity, so the payment companies don't have to raise their own separate pre-funding capital, thereby eliminating internal liquidity operations,” he added.

"Cross-border payments are a part of global commerce and finance, yet they remain dragged down by antiquated technologies and a swathe of immobilised capital. A complete rethink is long overdue,” said Emmanuel Vallod, partner and head of ventures at Hivemind Capital.

Advertisment

About Zynk 

Founded in 2025 by Prashanth Swaminathan, Manish Bhatia and Abhishek Pitti, Zynk is a fintech startup that enables global payment companies to make instant cross-border settlements through its blockchain-based platform. It charges a fee based on the transaction value or liquidity used.

The platform helps partners expand internationally without the usual hurdles of local licensing or setting up multiple banking relationships, reducing friction and improving efficiency in global payments.

Zynk currently works with five financial institutions worldwide, including both banks and fintech companies.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Latest Business and Startup News: Discover Funding Trends and Stories Shaping Indian Startups.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Advertisment

Startup Stories: Discover inspiring tales of startups overcoming challenges, and achieving success.