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LIMITED Raises $7 Million Seed Round to Scale Global Stablecoin Banking Platform

LIMITED Raises $7 Million Seed Round to Scale Global Stablecoin Banking Platform

June 3, 2025 Craig Etkin

SAN FRANCISCO–(BUSINESS WIRE)–Limited, a next-generation fintech startup offering stablecoin-based premium global banking services with self-custody, today announced it has raised a $7 million Seed funding round led by North Island Ventures, with participation from existing investors Third Prime and Arche Capital, alongside new investors Collab+Currency and SevenX Ventures. This brings Limited’s total funding to $10 million since its founding in 2024.

“With stablecoin transaction volumes exceeding $30 trillion annually and global remittance fees averaging 6.3%, we’ve created a solution that finally resolves the traditional tradeoff between self-custody security and ease of use,” said Hussein AhmedShare

Limited has built a comprehensive banking and payments platform that merges the security of self-custody stablecoins with the accessibility of premium banking services, now available in 176 countries via iOS, Android, and web applications. The platform enables businesses and individuals to access global payment rails while maintaining complete control of their funds through self-custody wallets—all while enjoying premium card benefits typically reserved for traditional banking customers.

“With stablecoin transaction volumes exceeding $30 trillion annually and global remittance fees averaging 6.3%, we’ve created a solution that finally resolves the traditional tradeoff between self-custody security and ease of use,” said Hussein Ahmed, Limited’s founder and CEO. “This funding will accelerate our growth in high-opportunity markets across Latin America, Southeast Asia, and the Middle East where demand for borderless financial services is strongest. Having top-tier backers with deep expertise in both fintech and crypto gives us the strategic support needed to transform global banking at scale.”

Travis Scher, Co-Founder and Managing Partner at North Island Ventures, highlighted the potential of Limited’s approach: “We’ve long believed that stablecoins represent one of the most compelling use cases for blockchain technology—providing access to stable currencies and efficient payment rails globally. Limited has built an elegant solution that makes stablecoins practical and accessible for everyday banking and commerce, not just trading. By solving the critical challenge of balancing security with usability, they’ve created a truly differentiated product.”

The company continues to receive strong support from existing investors, including Third Prime, which led Limited’s pre-seed round. “Since our initial investment last year, Limited has executed exceptionally well on its product vision, delivering a full-featured platform that seamlessly bridges traditional finance and cryptocurrency infrastructure,” said Wes Barton, Co-founder and General Partner at Third Prime. “The team’s ability to solve complex regulatory and technical challenges while maintaining a premium user experience has only strengthened our conviction in Limited’s potential to redefine global banking.”

For Collab+Currency, the investment aligns with their thesis on consumer applications that can spur mass adoption. “We stand at a unique moment in history where banking features can be combined with self-custody security, and these financial services will expand to a global population,” said Stephen McKeon, Managing Partner at Collab+Currency. “Limited has addressed one of the fundamental tensions that has constrained mainstream adoption and is providing users worldwide with the security controls they deserve but rarely receive.”

Jon Liu, Founding Partner at SevenX Ventures, emphasized the strategic importance of Limited’s APAC focus: “As a fund deeply embedded in Asian markets, we recognize the immense opportunity for stablecoin-based banking in the region. The APAC market has shown strong demand for better cross-border financial solutions. Limited’s elegant platform bridges this gap with a polished, comprehensive solution that resonates with both crypto-native users and traditional finance customers.”

Vanessa Grellet of Arche Capital added: “We’re pleased to continue supporting Limited as they execute on their vision of borderless, self-custodial banking. The company’s momentum since our initial investment confirms our belief in both the market opportunity and the team’s ability to capture it.”

Limited’s platform offers U.S. and EU bank accounts with automatic conversion to self-custodial stablecoins, tiered Visa and Mastercard programs with premium benefits, and cross-border payment solutions supporting 300+ local payment methods across 80+ currencies. By combining enterprise-grade security with intuitive user experience, Limited has solved the long-standing trade-off between security and usability in the crypto space. While the previous fintech generation largely repackaged traditional banking infrastructure with improved interfaces, Limited represents a fundamental reconstruction of global banking—delivering solutions that are structurally superior rather than merely incrementally better.

For more information, visit www.LimitedApp.com or download the Limited app from the App Store and Google Play—available now in app stores across 176 countries.

About Limited

Limited is a next-generation financial platform offering stablecoin-based premium global banking services with self-custody. Founded in 2024 by Hussein Ahmed (previously founder of Oxygen Banking), Limited provides a comprehensive suite of financial tools including virtual bank accounts, premium card programs, and cross-border payment solutions. By combining the security of self-custody with the convenience of traditional banking, Limited empowers users and corporations globally to take control of their financial future.

Contacts

Media Contact: press@limitedapp.com

(c)2025 Business Wire, Inc., All rights reserved.


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According to state and local development sources, VA Houston Healthcare System plans to invest $31 Million to build out 66,612 square feet of new space in Beaumont. The company plans to occupy the new space at 3295 College in Beaumont, on or about February 1, 2027. The Beaumont VA Clinic which was authorized and funded through the PACT Act, or the Honoring our Promise to Address Comprehensive Toxics Act of 2022, will be located at 3295 College Street in Beaumont. The new clinic will be almost double the amount of space in the current Beaumont Outpatient clinic.  

In a statement Frank Vazquez, Houston VA Medical Center Director said, “We are excited to expand our services in Beaumont to provide our Veterans with a modern healthcare clinic that caters to their needs.” “The more services we can offer in our new VA Clinic, the less the Veterans will need to travel to Houston for specialty medical care.” “We are truly committed to ensuring our southeast Texas Veterans receive the top-quality healthcare they deserve as quickly and conveniently as possible.” “Our goal is to provide as much health care as possible to our Veterans here in Beaumont and our new clinic will allow us to expand and will be modern and updated.  We can’t wait to get it up and running.” 

Construction is set to begin in the coming months to renovate and build out the new clinic, with an anticipated opening date set for early 2027.  Earlier this year, Houston VA announced the beginning of a new shuttle service for Southeast Texas Veterans who need to get to the VA hospital in Houston for treatment.  The shuttle service offers Veterans a free ride to and from the Houston VA on weekdays. Veterans can catch the free shuttle each weekday morning at the Beaumont VA Outpatient Clinic.  

According to the company website VA Houston Healthcare System provides health care services to Veterans at 13 locations in southeast Texas. The VA Houston Healthcare System provides you with outstanding health care, trains Americas future health care providers, and conducts important medical research. At the VA Houston Healthcare System, were dedicated to improving the lives of Veterans and their families every day. The VA Houston Healthcare System is one of the leading health care systems serving Veterans in the South Central VA Health Care Network. Were an innovative care center within the Veterans Integrated Service Network 16 (VISN 16), which includes medical centers and clinics in Mississippi, Louisiana, Arkansas, Oklahoma, southeast Texas, and northwest Florida.
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LuminX, an AI-driven company pioneering cutting edge inventory automation and visibility, announced today the closure of its $5.5 million seed funding round. This initial funding will accelerate the development and deployment of its solutions for the logistics and warehousing industry. The seed round was supported by a multitude of investors, including 1Sharpe, GTMFund, 9Yards, Chingona Ventures, and the Bond Fund. LuminX addresses critical inefficiencies in supply chain and warehouse management that lead to significant operational costs and errors. The company is at the forefront of solving these issues by developing and deploying its Vision Language Models (VLMs) directly onto low-cost mobile hardware within the warehouse – an approach that makes advanced AI accessible and practical for a wider range of operations.

LuminX systems uniquely integrate sophisticated visual understanding with powerful generative AI capabilities, enabling its cameras to ‘see’ and interpret complex, dynamic warehouse environments in real-time—recognizing products, varied labels, assessing package conditions, and tracking movement. These versatile devices can be deployed anywhere in the warehouse, including docks, conveyors, on forklifts, or as handheld units. LuminX’s system intelligently processes this visual information to automate intricate operational tasks, eliminate manual work, and provide actionable data for drastically reducing discrepancies and optimizing overall workflow.

LuminX is led by founder and CEO Alex Kaveh Senemar, a seasoned entrepreneur with a proven track record of building and scaling successful AI companies across several industries. He previously founded and led Voxel, a pioneering AI company in warehouse safety and operations, and prior to that, founded Sherbit, which was successfully acquired by Huma in 2019. He is joined by co-founder & CTO Reza Javanmardi, Ph.D. in Computer Science and former Head of AI Research at Voxel, whose career spans impactful R&D in machine learning and computer vision across startups and research institutions.
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AT&T has announced plans to expand and relocate its call center across the street from the company’s existing campus on Lakeside Boulevard, the latest in a series of national call center real estate moves. AT&T signed a 12-year lease with Provident Realty Advisors for approximately 186K SF across seven floors of the Lakeside Boulevard Tower at 2221 Lakeside Blvd. The company’s existing call center is located at its Lakeside Campus at 2270 Lakeside Blvd.

In a statement Michael Ford, AT&T Head of Global Real Estate said, “We have a strong history in the city and this opportunity strategically aligns with our focus on creating modern workspaces where our employees can thrive, innovate and deliver solutions that connect people to greater possibility.”

To support $15.8M in building improvements at AT&T's new location, the city of Richardson awarded Provident a building modernization grant and permit fee waivers. Provident acquired the 807K SF Lakeside Campus office complex in November 2024. The campus is anchored by RealPage and was originally built for Nortel. AT&T Inc. is an American multinational conglomerate holding company that is Delaware-registered but headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the worlds largest telecommunications company, it is also the largest provider of mobile telephone services in the U.S. As of 2020, AT&T was ranked 9th on the Fortune 500 rankings of the largest United States corporations, with revenues of $181 billion.
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