Dubai - Sharikat Mubasher: XWeave, a Singapore-based platform enabling instant cross-border payments through stablecoins, raised a $3 million seed funding round led by Jungle Ventures through its First Cheque@Jungle initiative, alongside crypto investment firm Lightshift.

This investment will enable XWeave to expand its network into key non-G10 corridors in the Middle East and broader Asia, including the United Arab Emirates (UAE), Japan, Hong Kong, and Indonesia, the company announced in a recent statement.

The funding included follow-on investment from Menyala and participation from White Star Capital, Fabric Ventures, DCG, The Venture Dept, and other prominent angel investors.

XWeave is also in talks with regional fintech companies and global merchant platforms looking to embed real-time, cross-border settlement into their products.

Milind Sanghavi, Founder and Chief Executive Officer of XWeave, emphasized the company’s mission to enable businesses to move money across borders with the ease of a text and the compliance rigor of regulated flows.

“XWeave’s non-custodial, asset-agnostic orchestration platform is the best way for businesses to access this growing liquidity, leveraging the benefits of blockchain without relying on regulatory arbitrage. Our job is to make it usable and adaptable for the full spectrum of money flows,” he added.

Since its launch in 2024, XWeave has successfully processed real-time payments between Singapore and the Philippines and is now scaling across key growth corridors, including the UAE, Indonesia, Japan, and Hong Kong.