Portfolio Spotlight: Walapay
- Fiat Ventures
- Mar 31
- 2 min read
Updated: 7 days ago
Powering the Next Generation of Cross-Border Finance
In line with our focus on Stablecoins and the future of finance, we turn to one of our portfolio companies at the forefront of these trends.
Walapay is an API-first fintech platform revolutionizing cross-border finance by leveraging stablecoins and modern payment rails. Its unified global money movement API simplifies international money transfers, enabling fintechs and businesses to effortlessly collect, hold, and send payments across multiple currencies and over 100 countries.
Walapay provides essential financial infrastructure, managing complex tasks like compliance (KYC/KYB), foreign exchange conversions, and routing payments through optimal channels – including stablecoins – to ensure fast, cost-effective transfers. The platform significantly streamlines processes for clients such as PSPs, fintech apps, gig economy marketplaces, and SMBs, particularly for emerging market payouts.
Since its launch in October 2024, Walapay has experienced remarkable growth, achieving over $85 million in monthly transaction volumes and onboarding more than 40 business customers. Its innovative FX orchestration and credit solutions help businesses optimize liquidity and speed up cross-border payments dramatically – reducing settlement times from days to seconds.
Walapay was founded by Tom Borgers and Dimitri Borgers. Tom brings over a decade of startup experience, specializing in fintech and payments. Dimitri contributes deep technical expertise in banking and payment technologies, having previously worked at notable institutions including Oliver Wyman and Capital One.
The Fiat Ventures team isn’t new to this space either. Prior to co-founding the firm, Marcos Fernandez, previously Head of Partnerships for the Americas at Ripple, spent several years building crossborder payments networks utilizing the efficiencies of digital assets and blockchain technologies.
“It’s easy to see why companies like Walapay have such an immediate benefit to the institutions they serve, and most importantly, end consumers” Marcos shares. “While crossborder payments have become more efficient over the past decade, there are still long wait times, broken systems and high margins when transferring value overseas. Stablecoins have the capability of transferring value in real time, and to anywhere all over the world.”
Marcos goes on to share that “we invested in Walapay because of the exceptional founding team, their deep payments expertise, and their compelling vision for integrating stablecoins seamlessly with traditional financial rails.”
Walapay's embedded finance approach eliminates complex barriers, empowering companies to expand rapidly into new global markets. As stablecoins increasingly shape the future of finance, Walapay exemplifies the practical innovation driving real-world adoption and transformation.
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