Caliza Raises $8.5M To Revolutionize Payments In Latin America
Caliza has secured $8.5 million funding. Founded in 2021 by Ezra Kebrab, the Brazil-based startup transforms cross-border transactions in Latin America through the use of crypto stablecoins.
The company recently secured funding led by Initialized Capital, enabling them to expand their innovative payment solutions that leverage Circle’s USDC (USD Coin), according to TechCrunch.
“Caliza is building global financial infrastructure that removes borders from commerce,” Kebrab wrote on LinkedIn. “I’m excited to unveil the latest including our recent $8.5M round.”
Bringing Speed and Stability to Cross-Border Payments
Unlike traditional transfers made via SWIFT, which can take days to process, Caliza’s API and front-end payment system allow for instantaneous transactions.
By using USDC and existing real-time payment networks, Caliza offers international merchants U.S. digital dollar accounts, streamlining operations and reducing delays.
This is particularly beneficial for companies in Latin America, where each day of delay can significantly impact production and revenue.
Strategic Expansion and Compliance
The company is currently focused on meeting regulatory and compliance standards, which includes obtaining necessary licenses.
This approach ensures their services are reliable and trustworthy, vital for gaining confidence among banks and fintechs.
With plans to expand into Mexico later this year, Caliza is poised to address the fragmented nature of payment systems in the Americas.
The latest funding round will also allow Caliza to double its team, currently based in Brazil, enhancing their capacity to innovate and serve a growing client base.
The new funding round includes participation from Abstract Ventures, Class 5 Global, Digital Currency Group, Kraynos Capital, New Form Capital, Quona, and several fintech executives as angel investors.
Feature Image Credit: Fintech Finance News
