Trace Finance Raises $32 Million Series A Led by CoinFund for Stablecoin Payments in Latin America

businessvccryptotechfintech 3 posts · 3 accounts

Trace Finance, a payments and stablecoin infrastructure platform focused on Brazil and Latin America, raised $32 million in a Series A funding round led by CoinFund. Investors included Haun Ventures, Jump Capital, Paxos, Chainlink Labs and Hof Capital, among others.

Trace Finance said its valuation grew 10-fold from its seed round. The company describes itself as a payments and stablecoin infrastructure platform for Brazil and the broader Latin American market.

From the sources (3 posts)

@cryptorank_vcs

Trace Finance $32M Series A Round⚡️ 📑 About: @FinanceTrace is a payments and stablecoin infrastructure platform for Brazil and Latin America. 🤝 Investors: @coinfund (Lead), @cbventures, @jumpcapital, @HaunVentures, @hofcapital, @Paxos, an

@crypto_dealflow

Stablecoin payments infrastructure platform Trace Finance raised $32M in a Series A funding round led by @coinfund, with participation from @cbventures, @HaunVentures, @jumpcapital, @Paxos, @chainlinklabs, @hofcapital, @toly.

@theblockco

Stablecoin infrastructure firm Trace Finance raises $32 million Series A, says valuation grew 10x from seed

Tether Releases Mining Development Kit 0.2.0 With End-to-End Open-Source Bitcoin Mining Stack Panthalassa Raises $140 Million at Near-$1 Billion Valuation for Floating AI Data Centers