Alfred advances international payments in LATAM with a US$15 million Series A round
Alfred closed a US$15M Series A to scale its cross-border payments infrastructure in Latin America using stablecoins and local banking.
Alfred, a cross-border payments infrastructure platform, announced the closing of a US$15 million Series A round led by F-Prime Capital, with participation from Brevan Howard Digital and WhiteStar Capital. The company has developed a solution that simplifies the movement of money between Latin American countries through a unified integration connecting local financial systems with technology based on digital assets.
Founded by Diego Yánez and Matías Plano, Alfred operates as a B2B platform that integrates local banking rails, real-time payment systems, and stablecoins into a single API. This architecture enables fintechs, financial institutions, marketplaces, and multinational companies to manage international payments across the region with greater speed, transparency, and control, reducing friction and reliance on traditional intermediaries.
Regional operations and scalability
With a presence in Mexico, Brazil, Colombia, and Argentina, Alfred has processed nearly 4 million transactions and reached more than 2,5 million users. The platform enables international settlements in minutes and supports currencies such as MXN, BRL, COP, ARS, and USD, making it easier to manage capital flows across multiple jurisdictions.
Stablecoins as a settlement rail
The company uses stablecoins as a settlement rail integrated with the traditional financial system. This approach decouples the movement of value from the limitations of local banking systems while maintaining traceability and regulatory compliance.
“The future of payments will be built around stablecoins and blockchain-based rails. Alfred addresses a critical need by modernizing global payments infrastructure in Latin America. The team is deeply focused on customers and regulatory compliance,” said F-Prime Capital.
The founders’ vision and use of proceeds
“This backing allows us to deepen our infrastructure and support companies that need to operate cross-border payments at a regional scale,” said Diego Yánez, CEO and cofounder of Alfred.
Matías Plano, cofounder, highlighted the complexity of the model: “The challenge wasn’t just technological, but also one of trust. Connecting traditional banking, real-time payments, and blockchain requires respecting the rules of the financial system without slowing innovation.”
The Series A proceeds will go toward strengthening Alfred’s technological, regulatory, and operational infrastructure in the region. In addition to its presence in Latin America, the company has developed strategic corridors such as Asia–Latin America, one of the fastest-growing trade routes, with annual volume exceeding US$600 billion, positioning it as a key enabler of the evolution of cross-border payments.
From grant to Series A
A key milestone in Alfred’s development was a US$250 thousand grant from Stella Community Fund in 2021, which enabled the company to build its first operational version and lay the foundation for its digital asset-based payments model.
