Beam Raises $7M to Revolutionize Global Payments with Stablecoin-Powered PSP

May 27, 2025 – Beam, the innovative payments platform bridging traditional finance and blockchain technology, today announced it has successfully raised $7 million in a new funding round. The investment will accelerate Beam's mission to deliver faster, cheaper, and smarter global money movement for businesses by combining the efficiency of stablecoins with the familiarity of traditional payment networks.

The funding round saw participation from prominent investors including Castle Island Ventures, Archetype, Arca, Bankless Ventures, Verda Ventures MiniPay Fund, and SHACK15 Ventures. This injection of capital underscores the growing confidence in Beam's vision to modernize the financial system for an internet-speed world.

Beam, operated by M-Cubed Labs, Inc. and its subsidiary M-Cubed Payments LLC, addresses the critical inefficiencies in the global payments landscape. "Every year, over $150 trillion moves across borders," said Dan Mottice, CEO and Founder of Beam. "Unfortunately, most of that money still flows through old systems weighed down by delays, fees, and opacity. We started Beam in 2022 to fix this. We knew stablecoins would be a foundation for a financial system that finally works at internet speed – a system that moves value globally, instantly, and transparently."

To achieve this, Beam has built a first-of-its-kind payment service provider (PSP) that uniquely pairs the global settlement capabilities of stablecoins with instant payment networks such as RTP (Real-Time Payments), FedNow, Push-to-Card (Visa Direct, Mastercard Send), Standard or Same-Day ACH, and Wire transfers. This hybrid approach provides businesses with unmatched speed, significant cost savings, and enhanced security for their financial operations.

Beam offers its comprehensive services through a user-friendly no-code dashboard called the Hub, allowing businesses to seamlessly manage payment processing, and a robust API for streamlined treasury management and automated customer payouts. This flexibility caters to a wide range of clients, from PSPs and fintechs to banks, enterprise wallets, remittance platforms, FX platforms, and large corporates.

Leading companies like Sling Money, Coala Pay, Antimetal, Hyperspace, Shaga, Braid, Shield, and Goldenvoice (Coachella) are already leveraging Beam’s infrastructure to power diverse use cases, including bulk creator payouts, wallet top-ups, treasury management, and vendor disbursements.

Mottice highlighted the company's recent momentum: "The last few months have marked a major shift. We welcomed Frank Pinto as our Engineering Lead and Scott Elliot as our Compliance Lead. We’ve seen a surge in demand, we’re shipping faster than ever, and the timing feels right. Regulations are shifting. Corporates are jumping in. The market is finally catching up to the future we’ve been building toward."

Frank Pinto, with his experience scaling engineering teams at unicorn Lendbuzz, will guide Beam's technical development. Scott Elliot brings over a decade of financial risk, compliance, and operations expertise from institutions like Goldman Sachs, Regions Bank, Brex, and Airwallex, fortifying Beam's commitment to regulatory excellence.

The new funding will be instrumental in expanding Beam's team and capabilities. "To keep up with the pace, we’re going to need more hands on deck," Mottice added, announcing an immediate opening for a Senior Account Executive to help bring stablecoin payment solutions to more businesses globally. "The next few months will be even more exciting. We have a lot on the roadmap to deliver more value to banks, fintechs, traditional PSPs, merchants, and the builders modernizing financial infra at every layer."

Beam places a paramount emphasis on security and compliance. The company is registered with FinCEN as a Money Services Business (MSB Registration Number: 31000264986633) and is SOC 2 Type II compliant. Beam operates with fully-licensed US-based custodians and is directly partnered with an OCC-chartered bank, ensuring bank-grade security and adherence to stringent regulatory protocols, including robust KYC/KYB, AML, and transaction risk monitoring.

"To our investors, Castle Island Ventures, Archetype, Arca, Bankless Ventures, Verda Ventures MiniPay Fund, and SHACK15 Ventures, we’re grateful for your conviction in what comes next," Mottice concluded. "We’re now one step closer to connecting stablecoins natively to every instant payment rail in the world."

This latest $7 million funding round builds upon a previous seed round of $7 million raised in August 2022, further solidifying Beam's financial foundation for continued growth and innovation in the payments sector.

About Beam:

Beam (operated by M-Cubed Labs, Inc. and its subsidiary M-Cubed Payments LLC) is a next-generation payment service provider (PSP) that combines the global reach, speed, and cost efficiency of stablecoins with the familiarity of traditional accounts and payment networks. Beam enables businesses to send and receive money with unmatched speed, savings, and security. The platform offers comprehensive payment network access (RTP, FedNow, Push-to-Card, ACH, Wire), flexible onboarding via a no-code dashboard or API, and robust compliance infrastructure. Beam is SOC 2 Type II compliant and a FinCEN registered Money Services Business.

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