Anyflo acquires Native, secures $1M Mysten Labs funding

Anyflo has emerged from stealth with the acquisition of Native, a Sui-based stablecoin payments project, and a $1 million investment from Mysten Labs. The deal, announced at Sui Basecamp, positions Anyflo as a provider of enterprise-focused stablecoin payment orchestration.

The acquisition brings Native’s team under Anyflo’s umbrella, though financial terms remain undisclosed. Mysten Labs’ backing may indicate interest in supporting infrastructure for blockchain-based payments.

This move follows a broader trend of consolidation in crypto payments, where startups have raised varying amounts to expand their offerings. Some, like Fin.com, have secured larger rounds ($20 million) to open new payment corridors. Anyflo’s smaller raise could suggest a focus on technical execution rather than immediate geographic expansion. The startup’s decision to acquire Native’s team, rather than build from scratch, also aligns with a common strategy in crypto, where talent and IP often change hands through team acquisitions.

For observers, the key question is whether Anyflo can differentiate itself in a stablecoin infrastructure market. Some competitors dominate liquidity, while others target cross-border corridors. Anyflo’s bet on Sui’s performance could appeal to enterprises seeking alternatives to other blockchains’ congestion, but its ability to attract paying customers remains unproven. Mysten Labs’ involvement may provide some support, though its broader investment strategy in this space is unclear.

Sources: pulse2.com