Sling Money Secures $15M Series A

Sling Money, the app designed to make cross-border payments instant, low-cost, and easy, has raised $15 million in its Series A funding round. Led by Union Square Ventures, Ribbit Capital, and Slow Ventures, this funding marks another step toward Sling’s goal of transforming how people transfer money across the globe.

• Seamless Global Transfers: Sling Money enables instant transfers across 50+ countries in Europe and Africa, letting users send money to others, their own accounts, or even non-users via Sling Link.

• No Fees, Instant Transactions: Unlike traditional transfers that can take hours or days and incur fees, Sling offers near-instant transfers without the high costs typically associated with cross-border payments.

• User-Friendly Technology: By combining stablecoin technology with a simple interface, Sling Money facilitates effortless, secure transfers that happen in seconds.

• Experienced Team: The Sling Money team includes veterans from major companies like Facebook, Spotify, Square, CashApp, and Monzo Bank, giving them deep expertise in both consumer products and regulated environments.

Backed by top investors and powered by stablecoin technology, Sling is poised to reshape how people move money across borders.