Hercle
“Can a single API-first infrastructure layer reliably bridge fiat, stablecoins, and digital assets for cross-border institutional money movement at scale?”
Founded2019
HQMilan, Italy (registered); also operates from Switzerland and UK
Total raised$60M
Latest roundMixed round (equity + credit facility), October 2025
IndustryFintech / Cross-border payments
The story
Founded in 2019 as a digital asset broker/market maker focused on institutional clients, Hercle evolved into a full-stack cross-border infrastructure platform bridging fiat, stablecoins, and digital assets. The company expanded from pure brokerage to offering Transfer, Trade, and Treasury management services via API. The October 2025 $60M raise — combining equity and a $50M credit facility — signals a push to grow institutional services globally, targeting banks, PSPs, MTOs, fintechs, and corporate treasuries across 35+ markets.
Product timeline
2019
Hercle S.r.l. founded in Milan as a digital asset broker/market maker serving institutional clients.· pivot
2024
Platform expanded to 30+ markets across 6 regions, processing over $20B in settled transaction volumes.· banking
2025
Raised $60M ($10M equity led by F-Prime + $50M credit facility) to scale institutional infrastructure and global expansion.· acquisition
Regulated entities
Dual regulatory structure (details not fully disclosed; Italian entity Hercle S.r.l. registered in Milan; digital asset broker/market maker registration noted)
Italy / Switzerland
Hercle S.r.l.
The stack
Accounting gap: minor