Despite decades of fintech innovation, moving money across borders is still painfully slow, expensive, and fragmented. The pipes underneath haven’t changed much. For individuals and businesses alike, the promise of fast, transparent, low-cost global payments remains out of reach.
At Jungle we believe the infrastructure for the future of money movement is being built today, but its benefits remain unevenly accessible. That’s why we invested in Xweave, a company fundamentally redesigning how value moves in a digital-first economy.
Xweave enables companies to facilitate cross-border transactions — fiat-to-fiat or fiat-to-stablecoin — instantly and without the need for pre-funding. Built for real-world complexity, the platform works behind the scenes to simplify the experience for fintechs, platforms, and enterprises alike.
What sets Xweave apart is its non-custodial, compliance-first, and asset-agnostic architecture. It never holds or touches customer funds. Instead, it acts as an intelligent routing layer bridging sender-side apps, regulated VASPs, and last-mile payout channels in real time, with full KYC traceability.
Xweave is already live in the Singapore–Philippines corridor, powering remittances and fintech-to-fintech transfers via regulated VASPs. It’s now expanding into the UAE, Hong Kong, Japan, and Indonesia, unlocking high-volume, high-urgency use cases like:
• Migrant remittances
• Group treasury flows
• Wallet-to-wallet transfers
• Merchant-to-consumer payouts
These aren’t speculative use cases. They’re daily frictions experienced by millions of users and thousands of platforms. By eliminating the need for pre-funding and enabling real-time FX conversion, Xweave allows its partners to reduce the cost and deliver a far better end-user experience.
We first met Milind in August 2024. His clarity of thought, deep regulatory intuition, and builder’s mindset stood out immediately. Our term sheet went out well before Stripe’s acquisition of Bridge, reinforcing our early conviction that the future of cross-border payments would be abstracted, programmable, and composable.
The case for Xweave is threefold:
1. Infra-native from Day 1
Xweave’s non-custodial model avoids the complexity of fund custody and heavy licensing. It stays light, compliant, and massively scalable. By routing payments through regulated VASPs, it sidesteps the operational burden of holding funds while remaining fully compliant.
2. Token- and network-agnostic by design
Whether it’s stablecoins like USDC or XSGD today, or CBDCs and tokenised deposits tomorrow, Xweave’s routing engine selects the cheapest, fastest, and most compliant asset for each corridor. This makes it future-proof and regulation-resilient.
3. A B2B2C flywheel already in motion
Starting with SG-PH remittances, Xweave is onboarding payment initiators and liquidity providers in tandem, building defensibility with every new corridor. With a flat infrastructure fee model and a volume-linked take rate from both ends, its unit economics are designed to scale efficiently as transaction volumes grow.
This isn’t a future-looking bet on what payments could become. It’s a product that’s already live and solving a problem that affects millions every day. That’s why we backed them.