Zynk raises $5M to expand instant cross-border payment network
Zynk describes itself as a provider of embedded just-in-time liquidity and optimized cross-border settlement rails, aiming to “make global payments instant and frictionless.”
Zynk, a New Delhi-based financial infrastructure startup, has raised $5 million in a seed funding round led by Hivemind Capital to accelerate its push to make global payments instant.
The round also included participation from Alliance DAO, Coinbase Ventures, Transpose Platform VC, Polymorphic Capital, Tykhe Ventures, and Contribution Capital.
Founded by former Amazon Pay CTO Manish Bhatia, ex-Morgan Stanley executive Prashanth Swaminathan, and Harvard entrepreneur Abhishek Pitti, Zynk says its infrastructure eliminates the need for pre-funding and minimises liquidity operations for cross-border payment providers.
Zynk describes itself as a provider of embedded just-in-time liquidity and optimised cross-border settlement rails, aiming to “make global payments instant and frictionless.”
The platform currently supports US dollar, euro, UAE dirham, Indian rupee, Mexican peso, and Philippine peso transactions.
“We’ve been building the financial pipes that make global payments instant,” said Prashanth Swaminathan, co-founder and chief executive officer. “Access to just-in-time liquidity has become a moat in cross-border payments — and we’re breaking that moat. Our mission is to make liquidity as mobile as data, freeing capital and eliminating idle balances, pre-funding, and manual treasury operations”
The company, which launched quietly in April 2025, has recorded 70% month-over-month growth since inception, according to the statement. It plans to use the funds to expand corridor coverage, strengthen compliance, and forge new partnerships with global payment providers.
“Cross-border payments are a tenet of global commerce and finance, yet they remain dragged down by antiquated technologies and a swath of immobilised capital,” said Emmanuel Vallod, partner and head of ventures at Hivemind Capital. “A complete rethink is long overdue.”
Kayla Phillips, who led the investment for Hivemind, added that Zynk “thoughtfully bridges that divide, giving cross-border payment companies instant access to liquidity while maintaining transparency, compliance, and scalability through its blockchain-based atomic settlement solution”
Zynk is backed by T-Hub, a Hyderabad-based startup incubator. “At T-Hub, we’re doubling down on founders who don’t just build products, but also the infrastructure for the future,” said T-Hub CEO Kavikrut. “The Zynk team’s global mindset and depth of expertise make them a great example of how Indian innovation can power the world’s financial backbone”.
Manish Bhatia, Zynk’s chief technology officer and a former Amazon Pay executive, said, “Liquidity should move as freely as information. When I was leading Amazon Pay’s technology stack, I saw firsthand how businesses have always needed real-time settlement. Zynk is finally making that possible — without the liquidity burden”.
Edited by Jyoti Narayan