Checker raises $8M to expand institutional stablecoin API

Checker has raised $8 million across pre-seed and seed rounds to grow an institutional stablecoin API network. Major investors include Galaxy Ventures, Al Mada Ventures and Framework Ventures. The round also included regional backers such as Bitso and Airtm in Latin America, DFS Lab in Africa, and several Asia-focused firms, along with angel participants Bam Azizi, Shivani Siroya and Reid Cuming. The company was pre-empted in late 2025. Jack Chong, co-founder and CEO, declined to disclose the rounds' structure, Checker's valuation or whether investors took board or advisory seats.

Checker provides a single API that connects regulated financial institutions to stablecoin rails and related services. The product is designed to simplify liquidity management, compliance checks and operational work for banks and payments firms that launch or scale stablecoin-based products.

The company says it serves more than 30 regulated financial institutions worldwide and processed over $3 billion in volume in the past 12 months. Checker estimates that volume represents roughly 1% of annual global business-to-business stablecoin payments. Named customers include Rail, Braza Bank in Brazil and Belo in Argentina.

Jack Chong described the industry challenge for large institutions: “Financial institutions such as business-to-business cross-border payments companies would like to scale to as many countries as possible, unlocking new currencies, corridors, and use cases for their customers. However, that involves stitching together many different solutions providers, from liquidity, accounts, local licenses coverage.”

Checker plans to use the funding to expand its network in Brazil, Kenya, Hong Kong and the United States and to reduce client reliance on traditional correspondent banking. The company also plans to build embedded borrowing and lending tools by partnering with lenders to provide settlement financing, and to roll out AI-enabled agents to assist with onboarding, compliance assessments and treasury operations.

The company charges software subscription fees and volume-based transaction fees. Founded recently, Checker says it has grown from four employees to more than 15 in under six months and expects to add engineers to meet customer demand.

Investor interest in stablecoin infrastructure has increased as usage of dollar-pegged tokens has grown. Recent industry transactions included an acquisition of a stablecoin infrastructure provider for about $1.1 billion and another agreement valued at up to $1.8 billion. One bank has projected the stablecoin market could reach roughly $2 trillion by 2028, while another set of analysts estimated a range of $500 billion to $600 billion for the same period and noted that higher transaction velocity could limit how much the total market capitalization needs to grow.