Leap Financial has secured $3.5 million in seed funding, led by Fuel Venture Capital with participation from Ascendo Venture Capital. The company facilitates cross-border money transfers for financial and non-financial institutions, focusing on embedded remittances and payments that leverage AI for efficiency and compliance. Leap’s proprietary platform offers remittances at less than 1% cost, significantly undercutting traditional services. The funding will enhance growth driven by partnerships, particularly with Mastercard, and support AI talent acquisition. Founders Lionel Carrasco and Marcela Henao aim to transform remittance processes, offering a white-label solution that streamlines payments while ensuring regulatory compliance.