INTELLIGENCE · COMPANY DOSSIER
SAMPLE RELEASE UPDATED 2026-07-28Conduit
Cross-border B2B stablecoin settlement for payment service providers.
Status
Private - Series B
Sector
Payments
HQ
London, United Kingdom
TOTAL RAISED
$48M
ANNUALISED VOLUME
$4.2B
Company Facts
HQ
Shoreditch, London
UK-incorporated
Incorporated
England & Wales, 2021
Status
Private, venture-backed
Series B closed Jan 2026
Product
PSP settlement corridors
single product line with treasury tools attached
Headcount
70-100
as reported on the company profile
Fiscal year
Ends 31 December
What It Does
Corridor settlement
a stablecoin settlement rail PSPs plug into for cross-border B2B volume; 27 corridors live.
Corridor treasury
liquidity forecasting and rebalancing for corridor float.
Compliance tooling
screening and reporting hooks corridor partners inherit.
Units & Brands
Conduit Rail
core settlement network
Conduit Treasury
corridor liquidity dashboard
Financial Metrics
Annualised volume
$4.2B
Live corridors
27
Settlement uptime
99.98%
Total raised
$48M
Net revenue run-rate
$26M
Headcount
85
Key People
3 executives
Tunde Balogun
CTO
built the corridor matching engine
Sofia Almeida
Head of Compliance
owns the licensing map
Ownership Structure
Founders and team
~24% of equity (sample)
Employee option pool
~12% (sample)
Institutional investors
Meridian Capital
earliest institutional backer (sample)
Growth and venture funds
~58% combined across seed to Series B (sample)
Structure note
Single share class
no super-voting stock; board of five with two founder seats (sample)
Company History
2021
Founded in London by Amara Okafor to settle cross-border PSP volume over stablecoin rails
2022
First corridor goes live; first full month settles without a failed window
2024
$14M Series A; corridor count reaches three
2025
27 corridors live; annualised volume passes $4.2B
2026
$30M Series B; climbs to No. 12 on the Fintechly 47
M&A History
1 transactions
Corridor OS (team acquisition)
four-engineer settlement-tooling team; terms undisclosed (sample)
2025
Headcount
2026
85
mid-year (sample)
2025
71
2024
52
2022
18
Competitive Landscape
4 competitors
stablecoin settlement at the point of sale
southern-European acquiring; partner on one corridor
BaaS rails; integration partner and occasional rival
the ledger primitive underneath several corridor banks
Licences & Regulation
3 licences
E-money institution authorisation
EMI passporting notification
Payments licence application
Notable Coverage
6 items
First corridor settles a full month of PSP volume
The rail's first PSP pair completed a month of settlement without a failed window.
Closes a $14M Series A
Funded the jump from one corridor to three and the first treasury tooling.
Passporting filing returned for clarification - RESOLVED
An EMI passporting notification was returned with questions on safeguarding arrangements.
RESPONSE
Resubmitted with the requested detail and approved the following quarter.
Uptime methodology questioned - RESOLVED
A competitor claimed the published 99.98% settlement uptime excluded scheduled maintenance windows.
RESPONSE
Conduit published its measurement methodology in full; the figure stood.
Closes a $30M Series B
Total raised reaches $48M; the round priced the corridor network ahead of its 30th market.
Climbs to No. 12 on the Fintechly 47
Moves up three places on the editorial list of the companies defining fintech.
SAMPLE DOSSIER: every figure on this page is illustrative sample data attached to a Fintechly sample entity while the live intelligence feed is finalised. Source links arrive with the live feed, and this dossier is replaced wholesale by the first approved release.