Orbital raises £5m in growth funding led by Golden Record Ventures
Golden Record Ventures led the £5m growth round to help Orbital expand its licensing and product offerings.
Orbital is a cross-border payments platform that combines traditional fiat accounts with regulated crypto infrastructure for global enterprises. The company has operated profitably since its inception.
Orbital has secured £5m in its first institutional funding round to accelerate product development and expand its regulatory footprint. Golden Record Ventures led the growth round, with additional backing from New Form Capital, GSRV, Psalion, and Luminous Futures.
Operating profitably since 2017, the cross-border payments platform bridges traditional finance and stablecoin infrastructure for multinational clients. The fresh capital will support the firm as it pursues additional licences and scales operations ahead of a planned Series A raise.
From the founder
"We believe all modern, global companies will require access to both blockchain and fiat payment rails, from one single platform, to effectively manage their business in the future. Orbital has been built by veterans who deeply understand the needs of large enterprises, which until now have been massively underserved. Our combined expertise in both traditional finance and crypto means that we are uniquely positioned to serve their demands. Bootstrapped and profitable since 2017, we’ve both grown rapidly and raised financing in a very difficult crypto bear market. Now we’re ready to scale even further and push our platform towards the bleeding edge of fintech."
Luke Wingfield-Digby
Co-founder and Head of Corporate Development at Orbital
Investor perspective
"The Orbital team has developed a best-in-class, licensed technology platform that caters specifically to large corporates and enterprises. Up until now these have been underserved, meaning there is a distinct lack of competition, and a huge opportunity for Orbital to fill that gap. The global business community is starting to understand the value and importance of stablecoins and digital assets, and we are delighted to back Orbital which is at the forefront of enabling this change."
Jad Benabdelkhalek
General Partner, Golden Record Ventures
Use of funds
- 01Continue product development
- 02Expand into international markets