Brazilian fintech Ruvo raised a $4.6M seed round led by 1confirmation. Coinbase Ventures, Rebel Fund, Blast, Neer Ventures, First Check Ventures, and Mission Street Capital also participated, alongside multiple fintech and web3 angel investors.
Ruvo is a cross-border digital currency account for receiving, holding, and moving money between Brazilian Real (BRL) and US dollars. Ruvo supports both personal and business accounts, and enables transactions via Pix, stablecoins, and Visa for instant worldwide payments.
Ruvo integrates with Pix, the digital payment system of the Central Bank of Brazil, to reduce friction in settlements between the US and Brazil.
“Brazilians and Americans should be able to move money between Brazil and the US with the same ease as Pix, while still making their assets grow with financial tools that work globally,” commented Alec Howard, co-founder and CEO of Ruvo.
Read more on StartUpi.
