Trace Finance raises $32M Series A as stablecoin payments push takes valuation 10x above seed
The Block β’
Revision history
5 recorded changes
Want your article here?
Promote with Leviathan NewsTrace Finance raised $32M in a CoinFund-led Series A with Coinbase Ventures, Haun Ventures, Jump Capital, Paxos and Chainlink Labs participating; CEO Bernardo Brites said valuation is up about 10x from its 2022 $4.3M seed. The Brazil-based stablecoin payments infra firm has processed more than $10B in institutional cross-border volume and says it runs under licenses in the U.S. and Brazil, with bank partners in Mexico, Colombia, Europe and Asia. It plans to expand across LatAm and APAC, the obvious battleground as stablecoin rails move from crypto-native settlement into regulated banking and FX pipes.
TLDR by @Benthic
More coverage
- Trace Finance raises $32m in Series A funding - FinTech Futures (fintechfutures.com)
- Trace Finance Raises $32M Series A Led by CoinFund to Scale ... (businesswire.com)
- Trace Finance raises $32M Series A - Venture5 (venture5.com)
- Trace Finance Raises $32M To Expand Stablecoin Settlement Rails (tradingview.com)
- Trace Finance raises $32m to bridge stablecoin and banking rails (fintech.global)
More on Series A
Range raises $8.3m series A to chart unified treasury, risk and compliance across stablecoin and fiat waters
chainwire.org Β·
Paradigm leads El Dorado's $9M Series A as the LatAm payments app scales to 100K+ users, targeting a cross-border payments market estimated at up to $1T annually
The Block Β·
Billables AI raises $10 million Series A funding round to accelerate AI-powered operational intelligence for law firms.
billables.ai Β·
Edge Markets raises $29.2 million Series A to scale banking and payment rails for prediction and gaming markets
edgemarkets.io Β·
Picogrid raises $45M Series A to build the open integration layer for modern defense.
π/@zanemountcastle Β·
Onramp raises Series A at $135M valuation led by Early Riders to expand financial platform built on multi-institution custody.
Onrampbitcoin Β·
Range raises $8.3m series A to chart unified treasury, risk and compliance across stablecoin and fiat waters
chainwire.org Β·
Paradigm leads El Dorado's $9M Series A as the LatAm payments app scales to 100K+ users, targeting a cross-border payments market estimated at up to $1T annually
The Block Β·
Billables AI raises $10 million Series A funding round to accelerate AI-powered operational intelligence for law firms.
billables.ai Β·
Edge Markets raises $29.2 million Series A to scale banking and payment rails for prediction and gaming markets
edgemarkets.io Β·
Picogrid raises $45M Series A to build the open integration layer for modern defense.
π/@zanemountcastle Β·
Onramp raises Series A at $135M valuation led by Early Riders to expand financial platform built on multi-institution custody.
Onrampbitcoin Β·