Mural raises $28M in total funding as Tether leads $15M Series A

Mural, a fintech startup building payment rails that treat dollars and stablecoins as interchangeable, has raised $15 million in a Series A led by Tether. The round brings the company’s total funding to $28 million. What Mural actually does Mural describes itself as a compliant system for running financial operations, built around unified accounts that hold both fiat currencies and stablecoins. Payments go out in whichever form the recipient needs, and compliance checks run automatically in the background. The company was co-founded in 2022 by Sinclair Toffa, who serves as CEO, and Chris Fernandes, the COO. Both are former Palantir engineers. The funding, announced on October 20, 2026, arrives just days after a cosmetic change. In mid-October 2026, the company dropped the “Pay” and rebranded from Mural Pay to simply Mural. The numbers behind the raise Mural launched its API in 2025. Since then, it has processed $2.1 billion in total payment volume across 128 countries. Growth is also accelerating. Mural’s 2026 payment volume is projected to come in at nearly six times the total it processed across all of 2025. The company’s named customers include Deel, the global payroll and HR pl...