Mural's $15 million Series A lifts funding to $28 million
Mural's Tether-led $15 million Series A lifts total funding to $28 million. Mural Pay's posts tie the round to wider licenses and agent payment rails.
The payments company Mural Technologies, Inc., which still publishes at muralpay.com, wrote on October 14, 2026 that Mural Pay becomes Mural, and on October 20, 2026 announced a $15 million Series A led by Tether, with North Island Ventures and existing investors, taking total funding to $28 million. That domain separates the firm from the mural.co whiteboard product, a different company entirely. Both the company blog and the PR Newswire release place an operating claim beside the financing: $2.1 billion processed since the Application Programming Interface (API) launch in 2025, for end users in 128 countries, and 2026 volume to date nearly six times all of 2025.
That multiple is management's account of the book, which a bank partner can test later. The blog assigns the round to infrastructure, staff, a wider licensing footprint, and more markets on the Global Financial Internet, while the release ties the same money to agentic finance. The next proof is the license map and the forward-deployed engineers both pages say embed in each market, a Palantir habit from Fortune 100 integration work carried into money transmission.
What the Series A is assigned to fund
Mural describes one system of record for accounts, payments, identity, and compliance, plus the licenses and the local and blockchain rails it says cross-border products require. Deel, Opera, and Axexo are named on both funding pages for payroll and remittances, and the October 14 note adds Blinka and Akaunt. End users, the release says, can hold dollars, stablecoins, and local currency in one account, under limits, approved counterparties, and extra approvals on larger payments. The blog adds an audit trail on every action and offers those controls, built for people, to agents.
Sinclair Toffa, co-founder and CEO of Mural, says in the release: "Our mission has been to connect people and businesses to the Global Financial Internet. Now we are connecting agents as well." The release cites McKinsey and Artemis Analytics for a 2025 doubling of real-world stablecoin payments to roughly $390 billion, with businesses at about 60%. Olek Shtanoprud, Head of Payments at Deel, says: "We wanted people who know the market where they work and the intricacies of that market. They were on the ground in Colombia, they were thought partners, and they moved fast."
What customers and Tether said on the record
Colombia is the market those pages name for engineers already embedded with a customer. Paolo Ardoino, CEO at Tether, says in the release: "What drew us to Mural was the team's background building enterprise-grade software that connects existing systems to stablecoin rails." The release describes Tether as the issuer of USD₮ and calls that token the world's largest and most used stablecoin.
The company's press page points to same-day coverage at Fortune, PYMNTS, Valor Econômico, and La Nación. Card networks and rival account platforms go unmentioned in the release. Parallel work on the fintech desk includes Constructor's agentic checkout with Link by Stripe, HIFI's stablecoin-rails round, Yuno's orchestration raise, and Morgan Payments' pact with Thunes on Xpedite Remit.
Where the money-transmission license actually sits
The release says money transmission runs through Mural Networks, Inc., a Financial Crimes Enforcement Network (FinCEN) registered money services business under Nationwide Multistate Licensing System (NMLS) ID 2744530, in states listed at muralpay.com/legal where partners check that registration. In other states Mural Technologies provides the services through federally chartered Federal Deposit Insurance Corporation (FDIC) insured US banks. The blog footer names the transmitter Mural Networks, Inc. dba Mural, the name beside the Mural Pay domain. Founded in 2022 and based in New York, co-founders Sinclair Toffa and Chris Fernandes trace the company to their Palantir years.
The blog's use-of-proceeds list is wider licensing, more bank-partner coverage, and staff who embed in the next market. A bank partner or a payments-scheme report that repeats the $2.1 billion since the 2025 API launch, and the nearly six times pace for 2026, would move those totals out of the management column. Until such a repeat, buyers of agent-initiated accounts have the raise, the Deel quotation, and Tether, with Mural's own account carrying the scale claim.
Figures above come from the October 20, 2026 blog post and the PR Newswire release of that day, and from the October 14, 2026 note for the Mural Pay name change and the added customer names. The release states that Mural Technologies, Inc. is a financial technology company, not a bank. Dollar totals and volume lines are company statements, not audited figures, and they are not a recommendation to buy or sell any security or token.
Reporting by Rick Steves. Filed 26 October 2026, 09:46 GMT.
Senior Reporter, Regulation and Fintech
Rick Steves has seen business and economics through many lenses. He joined the financial services industry in 2009, and has been a financial journalist since 2011.
