Team StartupCity

• Zynk secures $5 Million seed funding led by Hivemind Capital.
• Funds will expand cross-border payment network and boost compliance.
• Startup enables instant settlements for global fintechs and banks.

Fintech startup Zynk has raised $5 million (around INR 44 crore) in its seed funding round led by Hivemind Capital, a Web3 and blockchain-focused investment firm. The round also saw participation from Coinbase Ventures, Transpose Platform VC, Polymorphic Capital, and Tykhe Ventures.

Founded in April 2025 by Prashanth Swaminathan (ex-Woodstock Fund partner), Manish Bhatia (former Amazon Pay India CTO), and Abhishek Pitti (cofounder, IBC Media), Zynk offers a blockchain-based platform that enables instant cross-border settlements for global payment companies.

The startup earns revenue through fees on transactions or liquidity usage. The newly raised funds will be used to expand its money transfer network, which currently supports the US Dollar, Euro, Dirham, Indian Rupee, and Peso, and to enhance security and compliance systems. Zynk also plans to partner with banks and payment firms worldwide to simplify and speed up international transfers.

Zynk’s infrastructure allows partners such as fintechs, remittance firms, neobanks, and exchanges to operate across borders without the usual friction of local licensing or multiple bank relationships.

Also Read: Groww Secures Rs 2,984 Crore from Anchor Investors Ahead of IPO

India’s cross-border payments market is growing rapidly due to global trade, overseas education, travel, and the gig economy. Traditional systems like SWIFT often cause delays and high fees, which new fintechs are solving with blockchain and AI-driven solutions.

With innovations like pre-funding models and regulatory approvals, startups such as Zynk and Skydo are reshaping India’s cross-border payment landscape.