Recently, alfred announced the close of a $15 million Series A funding round, led by F-Prime with participation from Brevan Howard and White Star Capital—a milestone covered by Forbes. This capital infusion marks a significant step in our mission to reshape Latin America's financial infrastructure, enabling businesses to move money across borders with unprecedented speed, security, and simplicity.

Our journey began with a clear recognition of a persistent problem: cross-border payment systems in Latin America are slow, inefficient, and structurally complex. Traditional banking often imposes several-day settlement delays, exposes businesses to currency volatility, and requires navigating a patchwork of local regulations. This friction has historically constrained growth, limiting access to suppliers, customers, and talent beyond national borders.

In response, we’ve built alfred to function as a unified payment layer for the region. Our platform abstracts away the underlying complexity of local financial systems, offering businesses a single API to access rails such as Brazil's Pix, Mexico's SPEI, and Colombia's Bre-B. We have engineered compliance directly into the transaction flow, automating KYC, AML, and sanctions screening across multiple jurisdictions. This approach allows our clients to scale operations without establishing local entities or managing separate regulatory engagements in each market.

Ultimately, our goal as a company is to provide businesses with the financial infrastructure necessary to operate across Latin America as seamlessly as they do within their own borders. This Series A enables us to continue building on that vision. 

With this new funding, you can expect:

1. Enhanced Licensing and Regulatory Reach

We will expand our direct fiat licensing into new jurisdictions and grow our existing regulatory frameworks, such as our VASP license in El Salvador, to provide greater operational certainty and expanded market access.

2. Strengthened Local Banking Networks

Our direct relationships with banks across Latin America will deepen and broaden, ensuring faster, more reliable local-currency payouts and reducing reliance on intermediaries.

3. Advanced Compliance Infrastructure 

We will invest in more sophisticated compliance tooling to further reduce risk and streamline verification processes.

4.  Uptime That Doesn’t Sleep

We will enhance our infrastructure to support higher transaction volumes with greater reliability, ensuring 24/7 availability and real-time settlement even during peak demand periods.

We extend our gratitude to our investors, particularly F-Prime, for their partnership and shared vision for the region's financial future. We also thank our clients, whose trust and collaboration drive our development. Most importantly, we acknowledge the alfred team, whose dedication to solving complex problems has made this milestone possible.

If you want to move money across Latin America in seconds like the partners already building on alfred, get in touch to see how our unified payment infrastructure can accelerate your growth.