Brazilian fintech BlindPay raised a $3.3M seed round from YouTube cofounder Jawed Karim, Bitso, 468 Capital, Transpose Platform, and Acacia Venture Capital Partners, along with angel investors Raphael Dyxklay and Caetano Lacerda.
BlindPay develops an API that enables businesses to integrate stablecoin payment solutions, allowing cross-border transactions without the traditional banking system limitations.
BlindPay will use the funding to accelerate its global transfers, expand operating licenses to new countries, and strengthen its presence in Latin America.
âWe built a solution that abstracts the complexity of blockchain while helping companies navigate the intricate financial regulations between the U.S. and Latin America. Now, we’re ready to expand into new markets and make transactions simpler for more people.â said, JoĂŁo Borges, BlindPayâs cofounder.
Currently, BlindPay processes millions of dollars in monthly payments for clients across Latin America, North America, Asia, Africa, and Europe, and has grown transaction volume by over 600% in the past two months.
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