Cyclops, a Miami-based fintech startup building stablecoin infrastructure for payment companies, closed a $20 million Series A round on July 15. The round was led by Nava Ventures, with participation from Castle Island Ventures, Coinbase Ventures, Circle, Lasagna Ventures, and GPT Ventures.
The pitch is straightforward: most payment providers still rely on banking rails that shut down on weekends, holidays, and after 5 PM. Cyclops sells them an all-in-one platform that bundles stablecoin settlement, pay-ins, payouts, and treasury management through APIs, so they don’t have to build any of it themselves.
The numbers behind the platform
Cyclops has already processed over $2 billion in transaction volume across its platform. It supports more than 400 digital assets, operates in over 150 countries, and holds more than 100 global licenses.
Those aren’t vanity metrics. The client roster backs them up. Shift4 Payments, which serves over 300,000 merchants, is a Cyclops customer. So is Mastercard.
