# Diameter Pay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/diameter-pay

- Industry: Financial Services
- Headquarters: Jersey City, US
- Website: www.diameterpay.com
- Total disclosed funding: $10M
- Latest round: Series A (Sep 3, 2026)
- Investors on record: 7

## About

Based in the US, Diameter Pay operates as a financial technology provider offering embedded payment infrastructure, cross-border payment processing, global and local payment APIs, and compliance automation solutions for banks and financial institutions. The company focuses on enabling secure, efficient, and scalable payment operations across multiple payment systems and currencies.Based in New Jersey, United States and founded in 2017, SendFriend, Inc. (DBA Diameter Pay), fka SendFriend, founded by David Velez, Jeffrey Ruiz, and Roy Vivasi, provides embedded payment infrastructure, cross-border payments, API-based payment processing, and compliance automation solutions for the financial services and fintech industry. The company was founded at the Massachusetts Institute of Technology (MIT) and later evolved from its remittance-focused SendFriend platform to operate under the Diameter Pay brand, serving banks and financial institutions with global payment capabilities.In September 2026, Diameter Pay raised USD 10 million in series A funding co-led by CMT Digital and Faction, with participation from Onigiri Capital, SixThirty, Stellar Development Foundation, Tech Council Ventures, and BitRock Capital.Other unspecified investors also participated in this round.Diameter Pay specializes in innovative financial technology solutions that enhance the efficiency and accessibility of international remittance services. Its platform facilitates secure and cost-effective cross-border payments, focusing on unbanked populations and migrant workers who need reliable ways to send money home. The service employs proprietary technology for real-time transaction processing and compliance with international regulations, catering primarily to individuals and families relying on remittances, as well as financial institutions looking to expand their offerings in emerging markets.The company will use the September 2026 funding to expand its banking and payment capabilities, strengthen its stablecoin and foreign exchange infrastructure, and invest in compliance technology.

## Funding rounds

- Series A, Sep 3, 2026, $10M — Tech Council Ventures, SixThirty, CMT Digital, BitRock Capital, Stellar Development Foundation, Faction, Onigiri Capital

## Investors

- Tech Council Ventures (https://capitalatlas.ai/funds/tech-council-ventures) — Series A
- SixThirty (https://capitalatlas.ai/funds/sixthirty) — Series A
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Series A
- BitRock Capital (https://capitalatlas.ai/funds/bitrock-capital) — Series A
- Stellar Development Foundation — Series A
- Faction (https://capitalatlas.ai/funds/faction) — Series A
- Onigiri Capital (https://capitalatlas.ai/funds/onigiri-capital) — Series A