Key Takeaways
- • Mural raised USD 15 million in a Series A round led by Tether, bringing its total funding to USD 28 million.
- • Mural provides a compliance-focused system managing accounts, payments, identity and compliance for fintechs and platforms, with customers including Deel, Opera and Axexo.
- • Since launching its API in 2025, Mural has processed USD 2.1 billion in payment volume for end users across 128 countries, with 2026 volume to date nearly six times its 2025 total.
- • The round included participation from North Island Ventures and existing investors, with proceeds earmarked for global expansion and regulatory and payments infrastructure for AI agent-driven financial services.
- • Tether's investment places a major stablecoin issuer behind infrastructure intended to govern how AI agents move funds on behalf of users.
Summary
US-based Mural has completed a USD 15 million Series A funding round led by Tether, the issuer of the USDT stablecoin, according to The Paypers. Participation came from North Island Ventures and existing investors, lifting Mural's total funding to USD 28 million. The company plans to use the capital to support its global expansion and to invest in the regulatory and payments infrastructure needed to scale financial services that AI agents can use.
Mural describes itself as a compliance-focused system of record for fintechs and platforms. Its single system manages the accounts, payments, identity and compliance behind financial products used by people and by AI agents acting on their behalf, including the licences, bank relationships and payment rails required across markets. Customers Deel, Opera and Axexo use the platform to build payroll and remittance products, with end users holding US dollars, stablecoins and local currency in one account governed by limits, approved counterparties and approval rules.
Mural reports that since launching its API in 2025 it has processed USD 2.1 billion in payment volume for end users in 128 countries, and that its 2026 volume to date is nearly six times its total for 2025. The company argues that businesses already combine dozens of financial tools, bank partners and compliance vendors, and that stablecoins and AI agents add further complexity. Citing McKinsey and Artemis Analytics, the company notes that real-world stablecoin payments more than doubled in 2025 to around USD 390 billion, with businesses accounting for about 60%. Mural's position is that when an agent moves money, businesses must establish who authorised the payment and who is accountable if it fails.
Sinclair Toffa, Co-Founder and CEO of Mural, said the economy is set to gain billions of new non-human participants and that the company's mission of connecting people and businesses to global financial infrastructure now extends to agents. Paolo Ardoino, CEO of Tether, said Tether was drawn to the team's experience building enterprise software that connects existing systems to stablecoin rails. Ardoino argued that as agents begin moving money, links to today's banks, payment networks and compliance systems become essential. The investment places a stablecoin issuer behind infrastructure designed to set rules on how AI agents move funds on behalf of their users.
Mural describes itself as a compliance-focused system of record for fintechs and platforms. Its single system manages the accounts, payments, identity and compliance behind financial products used by people and by AI agents acting on their behalf, including the licences, bank relationships and payment rails required across markets. Customers Deel, Opera and Axexo use the platform to build payroll and remittance products, with end users holding US dollars, stablecoins and local currency in one account governed by limits, approved counterparties and approval rules.
Mural reports that since launching its API in 2025 it has processed USD 2.1 billion in payment volume for end users in 128 countries, and that its 2026 volume to date is nearly six times its total for 2025. The company argues that businesses already combine dozens of financial tools, bank partners and compliance vendors, and that stablecoins and AI agents add further complexity. Citing McKinsey and Artemis Analytics, the company notes that real-world stablecoin payments more than doubled in 2025 to around USD 390 billion, with businesses accounting for about 60%. Mural's position is that when an agent moves money, businesses must establish who authorised the payment and who is accountable if it fails.
Sinclair Toffa, Co-Founder and CEO of Mural, said the economy is set to gain billions of new non-human participants and that the company's mission of connecting people and businesses to global financial infrastructure now extends to agents. Paolo Ardoino, CEO of Tether, said Tether was drawn to the team's experience building enterprise software that connects existing systems to stablecoin rails. Ardoino argued that as agents begin moving money, links to today's banks, payment networks and compliance systems become essential. The investment places a stablecoin issuer behind infrastructure designed to set rules on how AI agents move funds on behalf of their users.
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