Avian Labs is a technology company.
We're building software so that you can pay people, not numbers. Anywhere in the world. In seconds. Without worrying about currency.
Avian Labs has raised $15.0M across 1 funding round.
Avian Labs has raised $15.0M in total across 1 funding round.
Avian Labs has raised $15.0M in total across 1 funding round.
Avian Labs's investors include Alt Capital, foobar.vc, Global Founders Capital, Gradient Ventures, monashees, Saga, Sarona Ventures, Union Square Ventures, Y Combinator, Arash Ferdowsi, Drew Houston, Eric Wu.
Avian Labs is a technology company developing software to simplify global money transfers by enabling payments directly to people rather than account numbers, sort codes, IBANs, or wallets.[1][2] Their flagship product, Sling Money, is a blockchain-powered app that facilitates near-instant transfers in any currency for negligible fees, targeting individuals and businesses needing seamless cross-border payments.[1][2][3] It solves the problem of complex, slow, and costly traditional payment systems by prioritizing speed, accessibility, and recipient verification worldwide.[1][3]
The company serves a broad audience, including people sending money person-to-person and companies handling business payments, with early momentum indicated by active hiring and named investors, though specific growth metrics are not detailed in available sources.[1][2]
Avian Labs emerged to address friction in global payments, building Sling Money as their inaugural product to enable quick, currency-agnostic transfers without legacy banking hurdles like sort codes or IBANs.[1][2] While specific founders, founding year, or pivotal early traction moments are not detailed in public sources, the company's focus on blockchain technology suggests roots in fintech innovation aimed at democratizing money movement.[3] Their progression from concept to a hiring, investor-backed entity highlights a pivot toward practical, user-centric financial software.[1]
Avian Labs rides the blockchain and fintech wave transforming cross-border payments, a market strained by slow rails like SWIFT and high fees amid rising global remittances and e-commerce.[3] Timing aligns with crypto adoption for real-world utility, regulatory clarity on stablecoins, and demand for instant settlement post-2020s digital finance boom. Market forces like inflation, geopolitical shifts, and unbanked populations (over 1 billion globally) favor low-friction solutions, positioning Sling Money to capture share from incumbents like Wise or PayPal.[1][3] By influencing developer and user ecosystems toward blockchain-native payments, Avian Labs contributes to a decentralized financial infrastructure reshaping how value moves worldwide.
Avian Labs is poised to scale Sling Money amid accelerating blockchain interoperability and CBDC pilots, potentially expanding to DeFi integrations or enterprise payroll. Trends like AI-driven fraud prevention and Web3 wallets will shape their path, amplifying growth if they secure partnerships with exchanges or neobanks. Their influence may evolve from niche innovator to ecosystem player, driving adoption of person-centric payments and challenging centralized finance—echoing their core mission to pay people, not numbers, anywhere, anytime.[1]
Avian Labs has raised $15.0M across 1 funding round. Most recently, it raised $15.0M Series A in August 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2024 | $15.0M Series A | Alt Capital, foobar.vc, Global Founders Capital, Gradient Ventures, monashees, Saga, Sarona Ventures, Union Square Ventures, Y Combinator, Arash Ferdowsi, Drew Houston, Eric Wu, Mathilde Collin, Sam Altman, Stanley Tang, Tim Griffin, William Hockey |