$8.5 Million Investment Boosts Caliza’s USDC Cross-Border Payment Solutions in Latam
Caliza, a U.S.-based fintech with a focus on Latin America, has raised $8.5 million in a funding round led by Initialized Capital.
The company aims to expand its operations in Brazil and eventually other Latin American countries. Caliza offers B2B solutions using USDC, Circle’s regulated stablecoin, to simplify cross-border payments.
The funds will be used to double its workforce in Brazil. Caliza’s services target banks and fintech companies to enhance their transaction capabilities, enabling individuals to make remittances and payroll payments. The company plans to expand to Mexico later this year, emphasizing compliance with local regulations.
Clever Robot News Desk 18th July 2024
