Conduit Raises $7M Seed for Crypto-Native API Infrastructure

Conduit announced a $7M seed round led by Paradigm to build out its crypto-native API infrastructure platform. The company targets fintechs and neobanks seeking to embed high-yield savings accounts and crypto products into their existing offerings without building the underlying infrastructure from scratch. Conduit's APIs handle regulatory compliance and banking connectivity, reducing time-to-market for partners.

The platform positions itself as a BaaS-style intermediary specifically for digital asset products, bridging traditional banking rails with crypto yield opportunities. The funding will be used to expand the platform's capabilities and onboard new fintech clients. The raise reflects continued investor appetite for API-driven infrastructure that simplifies the integration of crypto products into mainstream financial services.