“Can a single API orchestrate USD accounts, fiat rails, and stablecoins across emerging markets to replace correspondent banking?”
Conduit was founded in 2021 as B2B cross-border payments infrastructure with a stablecoin orchestration angle — fiat-to-stablecoin conversion, virtual USD accounts, and multi-rail payouts across LatAm, Africa, and Asia. The company positions itself as a 'sponsored bank model' aggregator, routing across 8 US banking partners plus stablecoin rails. Its 2025 Series A doubled down on this thesis: stablecoins as the connective layer between fragmented traditional payment systems.
Conduit discloses Fifth Third Bank (Newline) as its banking provider, according to the Embedded Finance Index 2026.
Conduit does not disclose a bank charter of its own; its banking services are provided through Fifth Third Bank (Newline).
Conduit moves money over RTP, FedNow, Fedwire, SWIFT, SEPA and Pix.
Conduit uses AiPrise for KYC and identity verification.
Conduit's investing and wealth products are powered by guideline.
The Embedded Finance Index 2026 maps 4 layers in Conduit's stack: Money movement (RTP, FedNow, Fedwire, SWIFT and 2 others); Banking / BaaS (Fifth Third Bank (Newline)); KYC (AiPrise); Investing (guideline).
Conduit was founded by Kirill Gertman and is founded in 2021, headquartered in Delaware, USA (Conduit Technology, Inc.); also entities in Canada and Brazil.
Conduit has raised $53M in total (latest round: Series A, May 2025).
Get a read on where your own stack stands against Conduit and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.