Beam, a crypto-based payment service provider (PSP), has raised $7 million in a round led by Castle Island Ventures to scale its platform that integrates stablecoin infrastructure with traditional payment systems like Visa Direct, FedNow, and RTP. With over $275 million in processed volume, Beam enables businesses across fintech, banking, and e-commerce to access faster and cheaper global payments through one API. The funding will support Beam’s global expansion, regulatory licensing, and platform development to connect stablecoins to every central instant payment rail worldwide.
Beam Secures $7M to Scale First Stablecoin-Based PSP
