Brazilian fintech Avenia raised a $17M Series A round with participation from Quona, Fluent Ventures, Tomorrow Capital, and Scale Up by Endeavor. The round also included angel investors from finance companies such as Revolut, Santander, HSBC, and PagSeguro.
Avenia offers a regulated SaaS platform for cross-border payments and stablecoin transactions, allowing companies to offer stablecoin services without building their own systems or obtaining specialized licenses.
“Our platform solves a core structural problem: companies want to offer financial products to monetize their customer bases, but often can’t afford to invest in licenses, compliance, and infrastructure. Avenia provides all this with its SaaS model,” comments Matheus Moura, CEO of Avenia.
With the new funding, Avenia will develop its product offering and advance regional expansion across Latin America and the US.
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