Transfero provides a blockchain-based infrastructure that integrates banking, cryptocurrency, and payment systems, enabling companies to offer financial services in Latin America. This solution addresses the complexities and bureaucratic barriers faced by global businesses seeking to enter the Latin American market.
Funding
$7.2M 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
Global businesses face complexities and bureaucratic hurdles when trying to offer financial services in Latin America, including navigating diverse regulatory landscapes and integrating various banking, cryptocurrency, and payment systems. These challenges can hinder market entry and limit the ability to provide comprehensive financial solutions.
Solution
Transfero provides a blockchain-based Banking as a Service (BaaS) infrastructure that enables companies to offer banking, cryptocurrency, and payment services in Latin America through a single API. The platform integrates banking infrastructure, crypto services, and payment gateways, allowing businesses to provide a range of financial products to their clients. Transfero also offers fiat-backed stablecoins pegged to emerging market currencies, providing access to the global market without the volatility. The infrastructure is designed for developers with a 99.999% uptime API, facilitating seamless integration into existing business operations.
Target Audience
The primary target audience includes global businesses looking to expand into the Latin American market and offer banking, crypto, and payment services to their clients. This includes payment aggregators and exchanges.
Features
- Banking infrastructure to enable companies to offer a wide range of financial products
- Simplified crypto financial services for clients
- Versatile payment gateway service tailored for companies exploring opportunities in LatAm
- Fiat-backed stablecoins pegged to emerging markets currencies (BRZ and ARZ)
- Single API endpoint for all solutions
- Multi-layer security combining MPC cryptography with hardware isolation
- Transparency and accountability principles, complying with crypto market laws and regulations