Trace Finance Announces $4.3 Million Seed Investment To Disrupt Global Banking For Latin American Startups
Amount Raised
$4.3 Million
Round Type
Seed
São PauloFinancial ServicesSoftwarePaymentsDescription
Trace Finance, a Brazilian fintech startup that enables faster and more streamlined cross-border banking for startups, has announced a $4.3 million seed funding round. The investment is led by HOF Capital (investors in Dapper Labs, Terra, Flutterwave, and SpaceX) with participation from Circle Ventures (the company behind USDC - a leading USD-pegged stablecoin with a $50 billion fully diluted market cap), The Chainsmokers (via their fund Mantis VC), and others. Seed funds will be used to expand the company's seamless global banking solution for startups, beginning with the US and Brazil.
Quick answer
Trace Finance raised $4.3 Million in a Seed round, dated February 15, 2022. Trace Finance is based in São Paulo, São Paulo, Brazil.
- How much did Trace Finance raise?
- Trace Finance raised $4.3 Million in a Seed round on February 15, 2022.
- What does Trace Finance do?
- Trace Finance is a fintech platform founded in early 2021 by Bernardo Brites, Rafael Luz, and Leone Parise, who have extensive experience in crypto and fintech businesses.
- Where is Trace Finance based and how big is it?
- Trace Finance is based in São Paulo, São Paulo, Brazil. Fundz records about 51 employees.
- Who are the decision-makers at Trace Finance?
- Fundz holds 2 contacts at Trace Finance, including the CEO and Co-Founder. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Payments around the same time
Companies in the same sectors as Trace Finance that raised within 45 days of this round, from Fundz verified event records.
- Fintech Cashier raised an undisclosed amount on March 31, 2022.
- Cross River raised $620M (Funding Round) on March 30, 2022.
- Cred Pal raised $15M on March 29, 2022.
- Nucleus Security raised $20M on March 24, 2022.
- Nucleus Security raised $20M (Series B) on March 23, 2022.
- Everwash Inc. raised $6M on March 21, 2022.
Who to call at Trace Finance, and when
A new round usually means Trace Finance is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Trace Finance raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Trace Finance, from your own LinkedIn network
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Related People
Trace Finance raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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