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CFX Labs
CFX Labs Inc. is a U.S.-based fintech company operating a regulated alternative payment network for minting, moving, and settling digital dollars (stablecoins) and real-world currencies. It serves businesses—such as fintechs, remittance apps, and payment platforms—looking for wholesale, developer-first access to programmable U.S. dollar money services, including stablecoin issuance, smart wallets, and global real-time payouts.
Chicago, USA
Description
CFX Labs Inc. bridges digital assets and local currency through a U.S.-regulated money services and payment network. Its core product, MoveUSD, is a fully-backed digital dollar stablecoin (issued on Solana) redeemable 1:1 for USD, with deposits held by FDIC member banks. CFX offers a suite of money services including USD tokenization, real-time global payouts in 220+ markets, cash collection at major U.S. retail chains (Walmart, CVS, Walgreens, 7-Eleven), a no-code smart wallet (MoveMoney) for embedding cash acceptance into apps, a Liquid Treasury product for yield on stablecoin holdings, and a network explorer (CoinFX). The company is federally registered with FinCEN as a Money Services Business and holds state money transmission licenses, targeting business partners such as fintechs and remittance providers (e.g., its customer Balam, which offers WhatsApp-based remittances) across the U.S., Mexico, and Brazil.Grant Funding
VC Funding
None
2023
$0
$19M