Cyclops Raises $20 Million to Scale Stablecoin Payments

Miami-based startup Cyclops raised $20 million in a Series A funding round led by Nava Ventures on July 15, 2026. The company provides an all-in-one infrastructure platform enabling payment providers to integrate stablecoin settlement, pay-ins, and payouts through a single API, a system designed to bypass legacy banking delays. The funding round included participation from Castle Island Ventures, Coinbase Ventures, Circle, Lasagna Ventures, and GPT Ventures.

Co-founded by Alex Wilson, Pat Duffy, and David Johnson, the company already serves major clients such as Mastercard and Shift4 Payments. The new capital follows an $8 million seed round raised in March 2026 and will be used to accelerate product development, expand licensing, and grow go-to-market and local teams.

Nava Ventures partner Kevin Chenault endorsed the founding team's expertise in identifying gaps where stablecoin technology can innovate money movement. Co-founder Alex Wilson stated that stablecoins have reached an inflection point and that payment companies are uniquely positioned to benefit from the growth of the technology.