Fintech Infrastructure Startup Zynk Raises USD 5 Million to Accelerate Cross-Border Payments:
Fintech startup Zynk has bagged $5 Mn (about INR 44 Cr) in its seed funding round led by Web3 and blockchain focussed investment firm Hivemind Capital.
The round also saw participation from investors like Coinbase Ventures, Transpose Platform VC, Polymorphic Capital, Tykhe Ventures, among others.
The Deal:
Indian fintech infrastructure company Zynk has raised USD 5 million (approximately ₹44 crore) in its seed funding round, led by the Web3 and blockchain-focused investment firm Hivemind Capital. The round also saw participation from prominent investors including Coinbase Ventures, Transpose Platform VC, Polymorphic Capital, Tykhe Ventures, Alliance DAO and Contribution Capital.
About Zynk:
Founded in 2025 by co-founders Prashanth Swaminathan (former venture partner at Woodstock Fund), Manish Bhatia (former CTO, Amazon Pay India) and Abhishek Pitti (co-founder, IBC Media), Zynk is building infrastructure for instant cross-border settlements.
Zynk’s platform enables global payment companies, remittance providers, neobanks and B2B fintechs to settle across borders without maintaining large pre-funded capital in destination countries. Their tagline: making global payments “instant and frictionless”.
According to the company, it currently supports currencies including the US dollar, Euro, UAE Dirham, Indian Rupee, Mexican Peso and Philippine Peso.
Use of Funds & Strategic Focus:
With the seed funding in hand, Zynk plans to:
Expand its cross-border payment corridors to more country-pairs and currencies.
Strengthen its compliance, security and regulatory infrastructure to operate at scale globally.
Forge partnerships with banks, fintechs and payment processors to embed its infrastructure into a broader ecosystem.
Why This Matters:
Addressing a Big Pain Point:
Cross-border payments remain one of the more inefficient segments of fintech: delays in settlement, high pre-funding requirements, fragmented banking relationships and regulatory complexity. Zynk’s model tackles these by providing just-in-time liquidity and removing the need for large idle treasury operations.
Timing & Market Opportunity:
With global trade, remote work, gig economies, education and travel all growing rapidly, the demand for seamless international payments has never been greater. India’s fintech ecosystem is ripe for infrastructure players that can enable scale and compliance across jurisdictions.
Investor Confidence:
The presence of Hivemind Capital (which is Web3/blockchain-centric) alongside mainstream fintech/venture names like Coinbase Ventures signals confidence in Zynk’s proposition and tech stack. The mix of investors highlights the convergence of fintech + blockchain-based payment infrastructure.
Indian Startup Ecosystem Impact:
For the Indian startup community, Zynk is an example of a fintech infrastructure play (vs consumer-app) emerging from India and aiming for global scale. This adds to the diversification of the Indian fintech story beyond just wallets, lending or neo-banking.
What to Watch:
Corridor expansion speed: Will Zynk be able to scale its supported currencies and country-pairs rapidly?
Regulatory compliance: Cross-border payments are heavily regulated. Its ability to build trust with banks and regulators will be critical.
Competitive landscape: Zynk will face established players such as Wise, Nium, Ripple and others building global settlement infrastructure. Their differentiator is the just-in-time liquidity model.
Monetisation and unit economics: How the fee structure works (transaction fee vs liquidity usage) and how that scales will be key for long-term profitability.
Final Thoughts:
Zynk’s seed funding is a strong signal that Indian fintech is increasingly moving upstream into infrastructure rather than just consumer apps. Its ambition to “move liquidity as freely as information” (quoting the founder) is bold—but also well-timed given the momentum in global payments and the appetite for innovative fintech rails. If executed well, Zynk could become a foundational layer of cross-border payments from India to the world.
For readers of StartupIndia.club: Zynk is a fascinating case of Indian-founded, globally-oriented fintech infrastructure, led by seasoned founders and backed by frontier investors. It’s a trend worth watching—and worth learning from, for any startup building infrastructure in fintech.
Published on StartupIndia.club – November 6, 2025
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