WasabiCard, Payment Unicorn-in-the-making, Closes Pre-A, backed by Vernal Capital and Avenir Group, Vision Plus Capital, and 01VC

WasabiCard, a global payment infrastructure platform bridging stablecoins with real-world financial applications, today announced that it has completed its Series Pre-A funding round. Together with its earlier financing, the company has raised nearly US$10 million from investors including Vernal Capital, Avenir Group, Vision Plus Capital, and 01VC. 

The new funding will be used to further expand WasabiCard’s global payment infrastructure, strengthen its stablecoin-powered card and payout capabilities, accelerate enterprise adoption across international markets, and support continued product development and compliance expansion.

As stablecoins increasingly evolve beyond trading into real-world financial applications, enterprises are actively seeking a more efficient infrastructure for global payments, treasury management and scalable fund distribution. WasabiCard is positioning itself as the infrastructure layer connecting digital assets with practical global payment utility.

WasabiCard provides enterprises and platforms with integrated payment solutions spanning card issuance, global payouts, stablecoin payments, and multi-currency payment capabilities. Its infrastructure supports a wide range of use cases, including global payroll, advertising payments, AI & SaaS subscriptions and embedded fintech applications.

By combining blockchain-based settlement rails with enterprise-grade payment infrastructure, WasabiCard enables businesses to move funds globally with greater efficiency, flexibility, and accessibility. The platform is designed to simplify how enterprises manage international payments while reducing friction across cross-border financial operations.

Since launch, WasabiCard has continued scaling its global payment network and enterprise customer base. The company has surpassed 500 enterprise clients globally, issued more than 500,000 cards, and processed over $1 billion in cumulative transaction volume across its payment infrastructure ecosystem.

“Global payment infrastructure is entering a new transition cycle driven by stablecoins and programmable finance,” said Ray Yang, co-founder at WasabiCard. “We believe the future of payments will become significantly more global, real-time, and internet-native. This funding allows us to continue building the infrastructure layer that helps enterprises move value across borders more efficiently.”

Following the financing, WasabiCard plans to further enhance its enterprise payment product suite, including improvements in global card issuing, payout efficiency, multi-chain asset accessibility, and infrastructure capabilities supporting AI Agent payments and programmable global payment workflows for enterprises and Web3 platforms.

The company has continued expanding its multi-chain payment infrastructure through integrations with blockchain ecosystems including Avalanche, Arbitrum and BNB Chain, while recently joining the Circle Alliance Program to support broader stablecoin payment adoption globally.

“We see a significant opportunity in the convergence of stablecoins, global payments, and enterprise financial infrastructure,” said Jacob Zhong, Managing Partner for Strategic Investment & Partnerships at Avenir Group. “WasabiCard has demonstrated strong execution capabilities in building efficient payment infrastructure that bridges digital assets with real-world commercial use cases. We believe the company is well-positioned to support the next phase of global payment innovation.”

As enterprises increasingly adopt blockchain-based settlement technologies for payments, treasury operations, and international fund distribution, demand for compliant and scalable payment infrastructure continues growing globally.

“Stablecoins are rapidly evolving from crypto-native assets into foundational infrastructure for global value transfer,” said Du Jun, Founder of Vernal Capital. “We believe the next generation of financial infrastructure will become increasingly internet-native, programmable, and globally interoperable.”

The financing comes amid growing global demand for stablecoin-powered financial infrastructure. As enterprises increasingly adopt blockchain-based settlement technologies for payments, treasury operations, and international fund distribution, infrastructure providers capable of connecting digital assets with compliant and scalable payment capabilities are becoming increasingly important.

WasabiCard plans to continue investing in global infrastructure expansion, enterprise payment orchestration, and next-generation financial products designed for internet-native commerce and global digital businesses.

About WasabiCard

WasabiCard is a global payment infrastructure platform enabling enterprises, fintechs, and internet-native businesses to issue cards, distribute payouts, and manage cross-border payments through stablecoin-powered financial infrastructure. Its platform supports global card issuing, multi-currency settlement, stablecoin funding, and embedded payment capabilities designed for modern global commerce. WasabiCard powers payment use cases across media buying, SaaS subscriptions, global payroll, treasury management, and digital financial applications.

About Vernal Capital

Vernal Capital is a Singapore-headquartered investment and incubation platform focused on artificial intelligence, blockchain, and next-generation digital infrastructure. Through an integrated framework of Venture Investment, Company Building, and Strategic M&A, Vernal partners with visionary founders and management teams to accelerate innovation and scale transformative businesses.

With deep expertise spanning traditional industries, digital assets, compliance technology, and emerging technologies, Vernal Capital bridges the gap between Web2 and Web3, helping companies navigate complex regulatory environments while unlocking sustainable growth opportunities.

Driven by a long-term investment philosophy, Vernal Capital is committed to supporting technologies that create enduring value, backing founders with integrity and ambition, and building companies that deliver meaningful impact for businesses, society, and the future.

About Avenir Group

Avenir Group is a pioneering investment group dedicated to the strategic integration of traditional finance and digital assets, driving innovation to build a leading financial ecosystem and infrastructure. Through an integrated framework of Investment, Incubation, and Operations, the group’s investments focus on digital assets, trading and financial service platforms, PayFi infrastructure, and Real World Assets (RWA). As Asia’s largest institutional Bitcoin ETF holder, Avenir Group leads the regional market. With proven financial expertise and industry-leading capabilities, the group establishes its role as a global hub advancing capital mobility and strategic partnerships.

Disclaimer

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This post is commissioned by Wasabi Wallet and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.