Senior BDR Intern @VerdaVentures | The stable to your coin + Investor @CorrelationVC Building https://xitter.cf/t.co/mbZ4dnEN4m
San Francisco
Joined November 2018
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If you're building in remittances, fiat ramps, FX, savings, lending, identity, gaming, B2B tools, or any other cool mobile consumer product, let's chat. We're actively investing from our latest fund and our @minipay distribution channel can give your product a chance of reaching over 5M+ users (and still growing).
S/O to the few amazing teams we're already getting to work with: @beam_cash @getpartna @MentoLabs @mural_pay @pretium_app
📣 Call to builders:
@MiniPay is the fastest growing non-custodial wallet in the Global South—accounting for 25% of new USDT addresses in Q4 2024 & over 5M+ activations.
Our MiniPay Fund at @verdaventures is actively seeking out investments for MiniPay’s growing Mini Apps ecosystem, including builders who already have traction in other ecosystems. Builders can leverage MiniPay to scale their apps to millions of unique users from day 1.
Excited to share that we’re joining @tether's investment team! Three years ago, we started @VerdaVentures with a conviction that stablecoins would change how money moves around the world. Since then, we’ve backed 28 companies working to make that happen.
We’ve seen them help businesses get paid, make cross-border payments faster and cheaper, and give people better access to dollars. Across the portfolio, they’re building the infrastructure that lets more businesses use stablecoins in their everyday operations. Seeing their progress up close has been one of my favorite parts of building Verda.
Joining Tether feels like a natural next step. Tether has been an LP and important partner to us, and we’re excited to work more closely with the team to help expand the use of stablecoins around the world. I’m looking forward to continuing to back ambitious founders building the next wave of FinTech on stablecoin infrastructure and frontier technologies.
We remain committed to our Verda founders and the long-term success of our portfolio companies. To our founders, LPs, and everyone who has supported us over the past three years, thank you for your trust and for helping us build Verda.
An update on Verda Ventures and our next chapter.
After three years of building Verda Ventures into a venture fund focused on stablecoin infrastructure, Amit and I are excited to share that we will be working with the team at Tether who was one of Verda’s LP.
As part of this transition, coinciding with the target investment period, Verda Ventures will move into harvesting mode. We will stop investments in new companies to avoid potential conflicts of interest while continuing to manage and support our existing portfolio. We will participate selectively in follow-on rounds of existing portfolio companies. We will continue to support our portfolio companies as they scale, including companies that have also received direct investment from Tether, such as Mural Pay, Finity/Plenti, and Lemon Cash.
As the leading stablecoin issuer, joining Tether is a natural next step in our mission to accelerate the adoption of stablecoins and accelerate the financial infrastructure of the future.
We're incredibly proud of the portfolio we've built and are very bullish on the 28 companies we’ve invested in. We remain fully committed to the long-term success of our founders and returns for our LPs.
Congrats to @pumpernikhil @Jessesawa @0xPredicate! As institutional adoption accelerates, the need for what they're building grows. Proud to be an angel investor.
We are thrilled to announce our $8M Series A to connect regulated markets to onchain finance.
Predicate enables digital assets to reach every market compliantly. We do this by embedding compliance controls directly into digital assets to block high-risk and sanctioned activity at every transaction.
To date, Predicate has:
- Screened $1B+ in transaction volume
- Evaluated 6M+ transactions against custom compliance policies
- Blocked 100K+ non-compliant transactions
The round was led by @bcap with participation from @Paxos, @1kxnetwork and @tribecap.
Amit Chu retweeted
Proud to announce that Mural has raised $28M in total funding, including a $15M Series A led by @Tether_to, with participation from @NorthIslandVC and our existing investors. Fortune has the exclusive (link below). 🧵
Amit Chu retweeted
1/6 We submitted our application to the OCC to establish Modern Treasury National Trust Bank. If approved and authorized to open, the bank would add federally supervised digital asset custody and related fiat services to @ModernTreasury.
The most comprehensive piece on LatAM payments and credit infrastructure out there! Proud that @VerdaVentures’s Stablescape data helped inform some of the insights. Huge thanks to @Pietroo_Negri @dunleavy89 & the @VarysCapital team!
Proud to announce 📟 LATAM: Beyond the Acronym 📟, a 68-page report from @VarysCapital × @VerdaVentures, breaking down LATAM (often reduced to a single buzzword) into 4 distinct markets & exploring investment opps in the region.
Link to full report: varys.capital/latam
Congrats to @thomasborgers and the @walapay_io team! Just getting started.
Today we're announcing Walapay's $4.6M Seed round, led by @genventurecap.
@dimitri_borgers and I started @walapay_io because we've felt first-hand how slow and frustrating it can be - even today - to send and receive money around the world. And when we tried to build an app for people like us, we realized we could never solve the problem if we didn't tackle the roots of the issue - the underlying rails where money actually moves.
That's why we built Walapay from the bottom up - owning the licensing, banking rails, and liquidity across our core markets. Today, we're serving >100,000 customers, processing $2.5b in annual TPV, and growth is only accelerating.
A huge thank you to @LexSokolin who backed us early on and made this round happen. Thank you to @shawnlim @Marcosf0401 Kaushik Chakravarti Roger Lim and many others who believed in us from the very beginning.
Thank you to our partners and customers who trusted us early. This round will help us continue to expand our licensing and banking partnerships and assemble the best team to take us forward on our mission.
@CommerceVC @0xPolygon @VerdaVentures @AAF_Management @JSquare_co @reflexivexyz @FGVCapital @NGC_Ventures Knollwood Investment Advisory @BigBrainVC Contribution Capital Kronos Research
Amit Chu retweeted
Welcome to Atum.
That’s what we tell every new partner when they first touch the network. And now we’re saying it to you.
Because today, @atumhq, the open payments network, a first of its kind, is live.
We picked the date intentionally. Today, September 22, marks the autumnal equinox (in the northern hemisphere), a threshold through which the world passes, from one season into another. Atum occupies a similar boundary: between light and darkness, chaos and order, ending and renewal. Atum, as a platform, is positioned at the transition from closed, institution-specific payment systems to an open, programmable network.
Atum is also the creator god symbol in ancient Egypt. Atum is the first, the primordial, and the originating god of creation.
Atum provides the basic building blocks for payments and commerce - the infrastructure, tooling, products and services that make money move the way it ought to.
Our team is comprised of leading payments and onchain experts from companies like @Visa, @coinbase, @chainlink, @CashApp, @tempo, and more.
It’s a new world for payments and commerce.
And it is my ultimate pleasure, passion, and life’s purpose to introduce Atum, the open payments network. We are so glad you’re here.
Welcome to Atum. We do it together.
→ atum.xyz/
Excited to back @somosplenti alongside @Tether as they expand across LatAm. With $3.1B+ in annual volume and locally owned payment rails, the team is building critical cross-border infrastructure for the region. Congrats to the team!
Excited to be a part of this raise alongside Tether! Congrats to the @somosplenti team! Excited to see what expansion looks like this year.
forbes.co/emprendedores/esta…
We continue to ship new features with Stablescape. Now including data on licensing, rails, corridors and more! If you're building in the stablescoin space, be sure to claim your profile & update it so you can get access to the full private dataset.
6,000+ stablecoin companies are now mapped on Stablescape.
But the most valuable data isn’t public.
Members can see verified licenses, stablecoin support, fiat rails, corridors, funding, and more - all checked against primary sources.
Not a member yet?
Contribute one verified data point and unlock 90 days of access.
stablescape.xyz/#contribute
Amit Chu retweeted
Excited to see @eldoradoio featured on Stablescape from @VerdaVentures!
This updated version now maps 6,000+ companies building stablecoin infrastructure around the world, making it easy to explore the ecosystem by category, geography, and funding stage.
If you're building in stablecoins, check whether your company is on the map: stablescape.xyz/#company/el-…
Amit Chu retweeted
Wow we received SO many DMs yesterday with our Stablescape re-launch!
Just a reminder that you can easily submit your company so it's indexed.
stablescape.xyz/
Amit Chu retweeted
SukuPay is now featured on Stablescape from @VerdaVentures.
SukuPay powers instant remittances from the US to Guatemala through @BancoIndustrial’s Zigi app, using stablecoin infrastructure to settle transactions in seconds.
🟢 Find SukuPay on Stablescape here: stablescape.xyz/#company/suk…
Excited to share v2 of our Stablescape map! Now you get a say - submit your company, suggest a correction or claim your company profile to gain access to more features in our next version😉
One of the hardest questions in stablecoins shouldn't be:
"Who else is building and where?"
Today we launched a completely rebuilt Stablescape to help answer that.
- 6,000+ stablecoin companies
- Interactive market maps
- Rich company profiles
- And more
You can now submit your company, claim an existing one, and play around with interactive charts.
See it for yourself here: stablescape.xyz
Stablecoins are becoming embedded in parts of every financial stack. Excited to be backing companies driving this next wave of adoption. Read more in our latest newsletter below.
Congrats to the @pactfinance and @tether teams on this milestone. A great example of the power of distribution & one we’re proud to have backed early at @VerdaVentures.
BIG NEWS
The leader in stablecoin issuance is officially backing the PACT ecosystem
@tether has made a strategic $2.5M equity investment into @pact_labs, leading a $7M round, to power the future of global stablecoin distribution and tokenized finance
Amit Chu retweeted
Thank you for the shout-out, @uselegion! At @VerdaVentures, with venture partner @amitochu, we're hyper-focused on our stablecoin infra thesis, investing at the intersection of traditional financial rails and stablecoin-native protocols.
Through strategic partnerships with the world’s largest stablecoin issuer and MiniPay — one of the fastest-growing stablecoin wallets in emerging markets — Verda helps portfolio companies accelerate product development, distribution, and revenue growth across remittances, payments, cash-in/cash-out infrastructure, identity, and stablecoin-based banking services.
A great fund doesn't have to be a big one.
Emerging managers backing founders early in 2026 (part 2):
1. Matt Hartman (@MattHartman): Factorial Capital. Ex-Betaworks, backed Hugging Face early. Pre-seed into deeply technical and frontier-AI founders.
2. Colin Gardiner (@ColinGardiner): Yonder VC. Ex-Outdoorsy CRO. Solo GP writing first checks into marketplaces.
3. Kevin Costa (@KevinJDCS ): Belief Capital. Finds founders straight off X. Leads pre-seed in AI, robotics and infrastructure across Europe and the US.
4. Alex Witt (@AlexLWitt): Verda Ventures. Ex-Celo CFO. Backs fintech and stablecoin infra in emerging markets.
5. Nate Cooper (@Nrcoope): Barrel Ventures. Seed food and consumer. Early into Olipop, Haus and Clove.
6. Ben Zises (@bzises): SuperAngel dot Fund. Day-zero consumer, proptech and future of work. 150+ companies with a big syndicate behind him.
7. J. Patrick Garry (@jpatrickgarry): Garry Elevator. Ex-Notre Dame investment office. Early checks into community ownership, governance and media.
8. Suds Sridharan (@ItzSuds): SF1. Made 80 angel bets before 25, now runs his own fund writing first money into AI-native founders.
9. Rachel ten Brink (@rtenbrink1): Red Bike Capital. Co-founded Scentbird. Pre-seed fintech, vertical SaaS and consumer.
10. Jamie Gull (@jamiegull): Wave Function Ventures. Ex-SpaceX. Just closed a $15M fund for hardware deep tech across aerospace, defense and energy.
11. Richard Blankenship (@RichardDreamVC): Dream Ventures. Co-founded Prizeout. Early-stage consumer, CPG and web3 out of Las Vegas.
12. Mo El-Bibany (@mobibany): Page One Ventures. Early deep tech, life sciences and B2B software where disciplines converge.
13. Lucas Vaz (@lucasbagnocvaz): Ravelin Capital. Ex-Village Global. Pre-seed into critical software: infra, defense-adjacent and fintech.
14. Yigit Ihlamur (@yihlamur): Vela Partners. Ex-Google. An AI-native quant fund that soft-commits fast using its own tooling.
15. Heston Berkman (@hberkman): Banter Capital. Ex-SignalFire and BoxGroup. Generalist pre-seed consumer.
Who else belongs on here? Tag them below.
And save it for your next raise.
Amit Chu retweeted
Great piece highlighting @VerdaVentures stablecoin research and stablescape.xyz, broadening geographical awareness.
The Stablecoin Founder Map Doesn't Match the Stablecoin Volume Map
decrypt.co/371967/stablecoin…
