- Hercle raised $60 million, including $10 million in equity led by F-Prime and a $50 million credit facility for global expansion.
- The company serves over 200 institutional clients and has processed more than $20 billion in transactions since launching in 2019.
- The funding will support expansion in South America, the Middle East, and Africa, along with API development and regulatory integration.
Hercle announced on Oct. 29 that it raised $60 million in new capital to scale its institutional infrastructure platform for cross-border settlement. The funding round consists of a $10 million equity investment led by F-Prime, with participation from Fulgur Ventures and Exponential Science, alongside a $50 million credit facility.
The Milan-based company has processed over $20 billion in transactions since its 2019 launch, according to a press release. F-Prime partner Sachin Patodia stated that Hercle addresses the gap between fiat and stablecoin settlement with infrastructure built to institutional foreign exchange standards.
Platform Capabilities
Hercle’s platform enables settlement across 30 digital assets and 25 currencies, with 90% of transactions completing in under five minutes. The company serves more than 200 institutional customers, including financial institutions, exchanges, fintechs, and payment providers. The infrastructure supports transactions ranging from commodity trade settlements to treasury rebalancing operations between continents.
Co-founder and CEO Gabriele Sabbatini explained that the platform was developed to handle institutional transaction sizes while delivering near-instant settlement across both digital asset and fiat rails. The company maintains a dual regulatory base in Europe and Switzerland.
Expansion Plans
Hercle will deploy the capital to accelerate expansion in South America, the Middle East, and Africa. The funding will also support continued development of the company’s API stack and institutional product offering. Additional priorities include extending regulatory coverage and expanding integrations with payment systems, banks, and onchain finance infrastructure.
The platform operates as a bridge between traditional banking infrastructure and digital asset settlement, enabling institutions to process multi-million-dollar cross-border flows within minutes, rather than the three-to-five-day timeframe typical of conventional banking channels.