# Trace Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trace-finance

- Industry: Financial Services
- Headquarters: Sao Paulo, Brazil
- Website: www.tracefinance.com
- Total disclosed funding: $36M
- Latest round: Series A (Jun 17, 2026)
- Investors on record: 21

## About

Brazil-based Trace Finance, founded in 2021 by Bernardo Brites, Rafael Luz, and Leone Parise, is a B2B platform focused on payments and stablecoin infrastructure. The company provides multi-currency accounts, stablecoin on/off-ramps, and cross-border payment solutions tailored for exchanges, fintechs, and global enterprises.

Based in Sao Paulo, Brazil and founded in early 2021 by CEO Bernardo Brites, CTO Leone Parise, and co-founders Rafael Luz, Trace Finance offers cross-border banking, payments, foreign exchange, and stablecoin settlement infrastructure for businesses across Brazil and Latin America. It was first built to address the pain points faced by Latin American startups moving capital from U.S.-based holding companies into local operations and later expanded into broader payments and stablecoin infrastructure. In June 2026, Trace Finance raised USD 32 million in series A funding led by CoinFund Management, with participation from Coinbase Ventures, Jump Capital, Paxos Trust Company, LLC, Haun Ventures, Polymorphic Capital, Animoca Brands, Kadan Capital, SNZ Capital, FJ Labs, Clocktower Group, Chainlink Labs, and HOF Capital.

Trace Finance supports exchanges, fintechs, international businesses, and investment funds with multi-currency accounts, BRL-to-stablecoin conversion, and cross-border payment infrastructure. Its platform includes named and virtual accounts in BRL, USD, and EUR, PIX pay-ins and payouts, FX quotes, beneficiary registration, withdrawals, and reconciliation via a compliant API and dashboard. The company also provides crypto wallets that support USDC and USDT across multiple networks, along with payment options such as TED and boleto. These capabilities are built for operational teams managing Latin American payments and treasury workflows.

The company’s revenue is generated by providing payment and banking infrastructure to exchanges, global fintechs, international businesses and investment funds operating in and out of Latin America. Its website and developer documentation describe monetizable services such as multi-currency accounts, BRL-to-stablecoin conversion, PIX, TED and boleto payments, cross-border transfers, FX quotes, beneficiary onboarding, wallet-enabled crypto transactions, and dashboard/API-based transaction management.

The Company will use the recent USD 32 million Series A funding raised on June 17, 2026, Trace Finance plans to scale transaction capacity, deepen FX, bank connectivity, compliance and stablecoin settlement capabilities, expand across Brazil, the United States, APAC and other emerging markets, and develop new settlement products.

## Funding rounds

- Series A, Jun 17, 2026, $32M — Valor Capital Group, Jump Capital, Paxos Trust Company, LLC, FJ Labs, HOF Capital, Coinbase Ventures, SNZ Capital, CoinFund Management, Polymorphic Capital, Animoca Brands, Haun Ventures, Chainlink Labs, Clocktower Group, Kadan Capital
- Seed, Feb 15, 2022, $4.2M — HOF Capital, BlockFi, Inc., Mantis, Stellar Development Foundation, Magic Fund, Nordstar, 2TM Ventures, Circle

## Investors

- HOF Capital (https://capitalatlas.ai/funds/hof-capital) — Seed, Series A
- BlockFi, Inc. — Seed
- Mantis (https://capitalatlas.ai/funds/mantis) — Seed
- Stellar Development Foundation — Seed
- Magic Fund (https://capitalatlas.ai/funds/magic-fund) — Seed
- Nordstar (https://capitalatlas.ai/funds/nordstar) — Seed
- 2TM Ventures (https://capitalatlas.ai/funds/2tm-ventures) — Seed
- Circle — Seed
- Valor Capital Group (https://capitalatlas.ai/funds/valor-capital-group) — Series A
- Jump Capital (https://capitalatlas.ai/funds/jump-capital) — Series A
- Paxos Trust Company, LLC — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A
- SNZ Capital (https://capitalatlas.ai/funds/snz-capital) — Series A
- CoinFund Management (https://capitalatlas.ai/funds/coinfund-management) — Series A
- Polymorphic Capital (https://capitalatlas.ai/funds/polymorphic-capital) — Series A
- Animoca Brands (https://capitalatlas.ai/funds/animoca-brands) — Series A
- Haun Ventures (https://capitalatlas.ai/funds/haun-ventures) — Series A
- Chainlink Labs — Series A
- Clocktower Group — Series A
- Kadan Capital (https://capitalatlas.ai/funds/kadan-capital) — Series A