[Stablecoin Payment Infrastructure Company Latitude Completes $35 Million Series A Financing, Led by Oak HC/FT] BlockBeats News, September 9: According to Fortune, global payment infrastructure company Latitude announced the completion of a $35 million Series A financing round, led by Oak HC/FT, with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX. Previously, Latitude had completed an $8 million seed round, and the valuation for this round has not been disclosed. Latitude was co-founded by industry veterans who previously worked at Stripe, Uber, Coinbase, and Meta. The company primarily provides infrastructure for digital banks, payroll platforms, marketplace platforms, and financial institutions, enabling businesses to conduct cross-border transfers using stablecoins and disburse funds in local currencies to bank accounts or mobile wallets. The funds from this round will be used to expand the compliance, engineering, legal, and sales teams. Latitude currently holds or maintains relevant licenses in 45 U.S. markets and plans to apply for direct regulatory licenses in Southeast Asia, Latin America, and Africa to further expand its operations outside the U.S. [Original Link]