Brazilian fintech UnblockPay raised $4.5M in a seed round led by Prelude. Plug and Play, Wintermute, Signature Ventures, and angel investors from companies such as Stone and iFood also participated.
UnblockPay builds infrastructure that allows financial institutions to process cross-border payments using stablecoins. Its platform enables conversion between fiat currencies and major stablecoins, including USDC and USDT.
With the funds, UnblockPay will strengthen its regulatory and compliance framework, with a focus on securing a stablecoin license from Brazil’s Central Bank under new virtual asset service provider rules. UnblockPay also plans to accelerate product development and expand into Latin America and Asia by adding local payment integrations.
Founded in 2025, UnblockPay serves more than 40 clients across Brazil and international markets, including Latin America, the US, and Europe. UnblockPay processed over $300M in volume in its first year and aims to reach approximately $200M in monthly processing volume by the end of 2026.
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