Founded in 2021 and based in Brazil, Trace Finance provides regulated infrastructure that connects local banking rails, foreign exchange, compliance, and stablecoin settlement to enable institutional cross-border payments. It operates under licenses in the U.S. and Brazil and partners with banks in Mexico, Colombia, Europe, and Asia, and plans to pursue additional licenses in Singapore, the U.S., and APAC. Trace has processed more than $10 billion in institutional cross-border volume to date and serves as the main infrastructure provider for the top four global payment providers operating in Latin America, including dLocal. The company has expanded headcount from 25 employees at the start of the year to 48 and is developing new settlement products. Trace plans regional expansion across Mexico, Colombia, Argentina and later into Singapore, Hong Kong, Japan, South Korea, and Southeast Asia.

Total raised

$36M

Funding rounds

2

Latest round

Seed

Latest activity

Feb 2022