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§ Private Profile · São Paulo, Brazil
Trace Finance is a technology company.
Trace Finance builds payment and stablecoin infrastructure for global businesses in Brazil and Latin America. Its platform enables rapid Brazilian Real to stablecoin conversions via PIX, leveraging compliant, enterprise-grade systems for high-volume transactions. It provides API-accessible multi-currency bank accounts in BRL, USD, and EUR, offering real-time balance tracking, FX conversion, and local payment support throughout the region.
Founded in 2020 by Bernardo Brites, Leone Parise, and Rafael Luz, Trace Finance addresses the need for robust connectivity between traditional finance and digital assets in Latin America. They aimed to simplify complex cross-border payments and provide compliant stablecoin liquidity for companies expanding regionally, creating a vital financial bridge that streamlines financial operations in emerging markets.
Trace Finance serves crypto exchanges, global fintechs, and international businesses. Clients use its infrastructure for instant BRL on/off-ramps, efficient supplier payments, and stablecoin-based treasury management. The company envisions removing financial barriers, actively linking conventional systems with digital assets to boost economic integration and operational efficiency in Latin America.
Trace Finance has raised $4.0M across 1 funding round.
Trace Finance has raised $4.0M in total across 1 funding round.
Trace Finance has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in February 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2022 | $4M Seed | Victor Wang | Afore Capital, Amplify Partners, Canary Ventures, Cherry Ventures, Indicator Capital, Mantis VC, NXTP Labs, Point Nine Capital, Sapphire Ventures, Target Global, Tribe Capital, Allison Pickens (Allison Pickens Ventures), Barr Moses, Brandon Krieg, Fabien Mendez, Marcelo Sampaio, Oliver Jung, Paulo Silveira, Philippe Teixeira DA Mota, TOM Blomfield, Miguel Fernandez, 2TM, ZAC Prince, Circle Ventures, Stellar Development Foundation, The Chainsmokers | Announced |
Trace Finance is a Brazilian fintech startup founded in 2021 that provides seamless cross-border banking and payment solutions, specializing as the premier on-ramp and off-ramp platform for Brazil and Latin America.[2][4] It enables enterprises, particularly startups, to move between fiat and crypto ecosystems with compliant, cost-efficient local payment infrastructure, including instant PIX access, FX conversions, local collections, payouts, and stablecoin integrations.[2][4] Serving fintechs, exchanges, PSPs, marketplaces, and global players like dLocal, Conduit, Bitso, OKX, and Mercado Bitcoin, Trace Finance solves key pain points such as high FX spreads (reducing them from 4% to 0.2%), slow onboarding (from 1.5 months to automated processes), complex regulatory hurdles, and inefficient cross-border treasury management without needing costly subsidiaries.[2][4] The company raised $4.3 million in seed funding in 2022 led by HOF Capital, with participation from Circle Ventures and Mantis VC, fueling expansion starting with US-Brazil corridors, and processes billions in annual transaction volume with a focus on security and compliance.[2][4]
Trace Finance was founded in early 2021 in São Paulo, Brazil, by Bernardo Brites, Rafael Luz, and Leone Parise, all with extensive backgrounds in crypto and fintech businesses.[4] The idea emerged to address the challenges faced by Latin American startups in accessing global banking, such as lengthy onboarding, high costs, and regulatory barriers when expanding internationally—particularly between Brazil and the US.[4] A pivotal moment came in February 2022 with the announcement of a $4.3 million seed round led by HOF Capital (backers of Dapper Labs, Terra, Flutterwave, and SpaceX), alongside Circle Ventures and The Chainsmokers' Mantis VC, validating their vision of bridging crypto and traditional finance for streamlined cross-border payments and treasury management.[4] This funding enabled rapid scaling of their automated onboarding and multi-bank backend infrastructure, building early traction with major clients in LatAm payments and crypto ecosystems.[2][4]
(Note: Search results distinguish Trace Finance from unrelated entities like TraceHQ's Budget-to-Pay platform [1] or Trace Financial's messaging software [3]; this analysis focuses on the fintech matching the query.[2][4])
Trace Finance rides the wave of LatAm fintech explosive growth, where Brazil's PIX system and rising crypto adoption (e.g., USDC integrations) meet surging cross-border e-commerce and startup internationalization.[2][4] Timing is ideal amid post-2022 crypto winter recovery and stablecoin dominance, as global firms seek compliant entry into a $3T+ LatAm economy without legacy banking friction.[2] Market forces like regulatory evolution in Brazil, high remittance volumes, and capital efficiency demands favor Trace, positioning it as a key enabler for startups scaling from local to global via crypto-fiat hybrids.[4] It influences the ecosystem by powering payment flows for leaders like Bitso and Mercado Bitcoin, lowering barriers for non-residents, and accelerating stablecoin use in emerging markets—potentially reshaping treasury for the next wave of LatAm unicorns.[2]
Trace Finance is primed to dominate LatAm cross-border fintech, expanding corridors beyond Brazil/US to full regional coverage and deepening crypto treasury tools amid stablecoin regulations and CBDC pilots.[2][4] Trends like AI-driven compliance, real-time payments, and Web3 enterprise adoption will propel growth, with potential for acquisitions or larger rounds as transaction volumes surge. Its influence could evolve from niche on-ramp leader to full-stack global banking platform for emerging markets, disrupting incumbents and empowering the next generation of borderless startups—turning early Finance dreamers into LatAm's payment pioneers.[2][4]
Trace Finance has raised $4.0M in total across 1 funding round.
Trace Finance's investors include Victor Wang, Afore Capital, Amplify Partners, Canary Ventures, Cherry Ventures, Indicator Capital, Mantis VC, NXTP Labs, Point Nine Capital, Sapphire Ventures, Target Global, Tribe Capital.