Waffo, a global payments infrastructure provider, today announced it has raised $30 million in total funding, including $15 million in a Series A round co-led by Illuminate Financial and Gaorong Ventures, with participation from HSBC and BAI Capital.

Illuminate Financial, a London-based venture capital firm specializing in fintech and financial infrastructure, is backed by leading global financial institutions and market infrastructure providers, including BNY Mellon, Euroclear, J.P. Morgan, S&P Global, Jefferies Financial Group, Deutsche Börse Group, Barclays, Citi, SGX, and HSBC. Their support underscores growing institutional confidence in next-generation global payments technology.

Beyond capital, Waffo gains strategic industry expertise, operational insight, and access to a powerful global partner network—strengthening the company’s position as a trusted provider of scalable payment infrastructure.

Strong Market Momentum

Waffo already supports high-growth companies across gaming, AI, and SaaS. Through its platform, customers have accelerated international expansion, improved user conversion rates, and unlocked new revenue streams across North America, East Asia, Southeast Asia, and Latin America.

Strategic Focus for Continued Growth

With this new funding, Waffo will accelerate innovation and expand its global footprint, with key priorities including:

• Developing industry-specific payment solutions

• Expanding global acquiring capabilities

• Strengthening its international distribution network