Provides APIs for payment processing, foreign exchange, and cross-border banking, enabling high-volume businesses to conduct secure local and international transactions. Simplifies currency conversion, risk management, and compliance through integrated solutions tailored for industries like e-commerce, iGaming, and fintech.
Funding
$4.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses face complexities in managing international payments, including currency conversion, compliance with varying regulations, and secure cross-border transactions. Existing solutions often lack seamless integration and tailored support for specific industries, leading to inefficiencies and increased operational costs.
Solution
Trace Finance provides a suite of APIs designed to streamline international payment processing, foreign exchange, and cross-border banking for high-volume businesses. The platform offers secure and agile connections between businesses and their clients through local and international payment methods, including PIX, Boleto, and TED. Trace Finance facilitates currency exchange, risk management, and compliance through integrated solutions tailored for industries such as e-commerce, iGaming, and fintech. The platform also offers account opening for non-residents, paralegal assistance, and support for regulatory filings.
Target Audience
Trace Finance primarily targets e-commerce businesses, iGaming platforms, fintech companies, technology firms, startups, and import/export businesses that require efficient and compliant international payment solutions.
Features
- Payment API for fast and secure transactions via PIX, Boleto, and TED.
- FX API for efficient currency exchange operations and risk management.
- Account services for non-residents, optimizing multi-currency transactions.
- Paralegal support for onboarding, offshore operations, and regulatory compliance (SCE-IED, SCE-Crédito, CDNR, EIN, Flip).
- APIs for local and international payments.
- Real-time currency conversion.
- Tools for managing currency risk.
- Integration with existing financial systems.