# Sling Money

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sling-money

- Industry: Financial Services
- Headquarters: Amsterdam, Netherlands
- Website: www.sling.money/
- Total disclosed funding: $15M
- Latest round: Series A (Dec 7, 2023)
- Investors on record: 3

## About

Founded in 2022 by Mike Hudack, and based in Amsterdam, Netherlands, Avian Labs Netherlands B.V., trading under the name Sling Money, operates as a financial technology company that offers a mobile application that facilitates cross-border financial transactions. In August 2024, Sling Money raised USD 15 million in Series A funding led by Union Square Ventures, with participation from Ribbit Capital and Slow Ventures.

The firm develops and offers mobile apps that allow instant transfers using Pax Dollar (USDP), a US dollar-backed stablecoin regulated by the New York State Department of Financial Services. Users can add money to their Sling Wallet by connecting a bank account, debit card, or mobile money account, and the funds are converted to USDP. The app facilitates easy transfers by allowing users to send money using the recipient's name instead of traditional banking details, with the transferred funds instantly available for conversion to local currency.

The company intends to use the August 2024 funding to expand its operations and development efforts.

## Funding rounds

- Series A, Dec 7, 2023, $15M — Union Square Ventures, Slow, Ribbit Capital

## Investors

- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A
- Slow (https://capitalatlas.ai/funds/slow) — Series A
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series A