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Hercle secured $10 million in financing and received a $50 million credit line to accelerate cross-border payments with stablecoins.
PANews October 29 news, according to Fortune, Hercle announced the completion of a $10 million equity financing, led by F-Prime, and obtained a $50 million credit line to support global expansion. The company integrates stablecoin as a payment service provider to offer end-to-end infrastructure for enterprises, aiming to compress cross-border Settlement from several days to just minutes. Hercle claims to have processed over $20 billion in transactions, with 90% completed within 5 minutes, and has over 200 institutional clients. The company plans to expand in South America, the Middle East, and Africa and extend regulatory coverage.