Cybrid, a Toronto-based platform specializing in compliant stablecoin and fiat payment infrastructure, has raised $10 million in Series A funding. The funding round was led by the Growth Venture Fund at BDC Capital, with additional participation from Golden Ventures, Luge Capital, and Panache Ventures.
The company plans to use the new capital to expand operations and accelerate market growth across North America and beyond. Cybrid is led by CEO and Co-Founder Avinash Chidambaram, along with CTO Brent Carrara, President and COO Dean Brauer, and VP of Sales and Co-Founder Ali Irshad.
Cybrid provides an API-first platform that integrates stablecoins, fiat transactions, and regulatory compliance into a seamless environment. This infrastructure enables financial institutions, fintechs, and enterprises in the U.S. and Canada to develop scalable, compliant payment solutions. Through its platform, users can launch global cross-border payment services to over 150 countries with transparency and operational efficiency.
Positioned at the forefront of digital asset infrastructure, Cybrid aims to redefine how stablecoin and digital payment ecosystems are adopted by banks and fintech providers worldwide.
