Blacksheep Closes Pre-Seed Funding of US$500k Raised Valuing Company at USD $10.5 Million Led by Forte Securities

Blacksheep raises over USD $500,000 to accelerate international payment rails, expand currency corridors, and grow into new markets.

The round, which values the company at USD $10.5 million, was led by Forte Securities, a global FX and crypto exchange business behind AUDF, Australia's most widely used AUD-backed stablecoin.

The capital will be deployed to expand Blacksheep's currency corridors and payment rails, accelerate product development, grow its customer base, and fund marketing initiatives as the company scales its operations across Australia and into new international markets.

‍Traction Before the Raise

Blacksheep has processed over AUD $20 million in payment volume since launching its platform, a milestone that reflects early demand from businesses seeking faster, lower-cost alternatives to traditional international banking. The platform enables businesses to move money across borders using stablecoin settlement rails, with NPP payouts for Australian recipients and direct access to USD, USDC, and USDT.

New customers have registered over AUD $22 million per month of interest for upcoming products.

Harrison Dell, Founder of Blacksheep:

"This investment is about getting our product to market and properly serving our first customers. We have already processed over AUD $20 million in volume since launch, which validates the demand for what we are building and overwhelming demand for our next features.”

Fadi Kassis, Founder of Forte Securities:

"Stablecoins represent the next major wave of fintech and payments innovation. What makes Blacksheep compelling is the combination of stablecoin settlement, great FX rates and local payment collection and payout capabilities. That infrastructure positions Blacksheep to compete seriously in the global cross-border payments market. We are proud to back the team at this stage."

‍What the Capital Will Fund

• New currency corridors - Expanding beyond AUD and USD to support G10 currencies, and exotics in Asia, Africa and LATAM. 

• Platform development - Supplier payment capabilities via local rails and native ETH on/off ramps

• Licensing expansion - Expanding licensing to Europe, UAE, UK, Africa and LATAM. 

• Growth and marketing - New business customers across Australia and internationally

‍About Blacksheep

Blacksheep is an Australian payments company building stablecoin-powered international payment infrastructure. The platform enables businesses to convert fiat currency as traditional FX, to and from stablecoins, and sending money internationally using fast local rails. Blacksheep is registered in Australia as a remitter and digital currency exchange, in NZ with the FSP, and Canada as an MSB.

‍About Forte Securities

Forte Securities is a global FX and crypto exchange business. Forte is also the creator of AUDF, Australia's most widely used AUD-backed stablecoin accounting for 99% of AUD-backed stablecoin volume in 2025 of AUD $200 million per month since January 2024. Forte is also at the forefront of institutional digital asset innovation, having tokenised Australian Government Bonds as part of the Reserve Bank of Australia's Project Acacia initiative.

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