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Sling Money provides a mobile app for cross-border transfers using a US dollar-backed stablecoin.
Founded in 2022 by Mike Hudack, Sling Money offers a mobile app for instant transfers using Pax Dollar (USDP), a US dollar-backed stablecoin. Users can fund wallets from bank accounts, debit cards or mobile money accounts and send funds using a recipient's name. The company is based in Amsterdam, Netherlands. In August 2024, it raised USD 15 million in Series A funding led by Union Square Ventures, with participation from Ribbit Capital and Slow Ventures.
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