# Higlobe

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/higlobe

- Industry: Financial Services
- Headquarters: Palo Alto, US
- Website: www.higlobe.com
- Total disclosed funding: $14M
- Latest round: Series A (Sep 20, 2022)
- Investors on record: 7

## About

Based in California, US, and founded in 2020, Higlobe, Inc. is a global payment service provider for non-US professionals and businesses with US clients. Teymour Farman-Farmaian (CEO) and Jeff Bolton (CTO) are the co-founders of the company.

In September 2022, Higlobe raised USD 14 million in venture funding from Battery Ventures, including Digital Currency Group, FJ Labs, Raptor Capital Management, Reciprocal Ventures, TTV Capital, and Paxos Trust Company, LLC. The firm also has an office in Mexico.

The company provides a platform that allows global transfers for professionals without transaction fees. Higlobe offers asset-backed stablecoins to support cross-border transfers between bank accounts. The firm's partners include Bexs, Paxos, and Silvergate.

Higlobe generates revenue through its subscription plan, which includes a USD 4.99 fixed monthly subscription for customers' receiving accounts.

The organization plans to use the September 2022 funding to accelerate growth, develop operations and technology, and expand its presence in Brazil and abroad.

## Funding rounds

- Series A, Sep 20, 2022, $14M — Battery Ventures, TTV Capital, Raptor Capital Management, Digital Currency Group, Paxos Trust Company, LLC, FJ Labs, Reciprocal Ventures
- Series A, Feb 4, 2022 — FJ Labs

## Investors

- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series A
- TTV Capital (https://capitalatlas.ai/funds/ttv-capital) — Series A
- Raptor Capital Management (https://capitalatlas.ai/funds/raptor-capital-management) — Series A
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Series A
- Paxos Trust Company, LLC — Series A
- Reciprocal Ventures (https://capitalatlas.ai/funds/reciprocal-ventures) — Series A