Vixtra and Trace Finance Announce New Funding to Scale Cross-Border Financial Services
Vixtra raised US$9.6 million in Series A funding while Trace Finance secured US$31.3 million to expand cross-border payments, trade banking, and international financial infrastructure.
Vixtra and Trace Finance have announced new funding rounds aimed at accelerating their growth in international financial services. While Vixtra plans to strengthen its trade banking ecosystem for importers, Trace Finance will use its new capital to expand its global cross-border payments infrastructure across multiple markets.
Trace Finance raises US$31.3 million to expand its global payments infrastructure
Trace Finance, a fintech specializing in cross-border payments infrastructure and foreign exchange services, secured approximately US$31.3 million in a Series A funding round led by ConFund.
The investment also included participation from Coinbase Ventures, Haun Ventures, Valor Capital, Jump Capital, Paxos, HOF Capital, and other investors.
According to the company, the new funding will support the expansion of its transaction capabilities while extending its regulated payment infrastructure into additional international corridors.
"This round allows us to deepen the payments, compliance, and settlement infrastructure that leading technology companies, exchanges, international banks, and payment companies use to connect digital settlement with trusted local financial systems," said Bernardo Brites, co-founder and CEO of Trace Finance.
The fintech plans to continue enhancing its foreign exchange products, banking connectivity, compliance systems, and international settlement capabilities while expanding its regulated operations across the United States, Brazil, Latin America, Asia-Pacific (APAC), and other strategic jurisdictions.
Trace Finance provides B2B financial services, including foreign exchange solutions for startup loans, capital increases, capital reductions, and other cross-border corporate transactions.
The company noted that previous funding rounds helped finance its expansion throughout Latin America, resulting in more than US$10 billion in processed cross-border transaction volume.
Vixtra secures US$9.6 million to strengthen trade banking solutions
Vixtra, a fintech focused on international trade and financing for importers, raised US$9.6 million in a Series A funding round led by Valor Capital.
The round also attracted investments from Headline, NXTP, Actyus, Blustone, Simma Capital, as well as several angel investors.
The company aims to position itself as the "bank for importers" by offering payment and financing solutions in Brazilian reais that reduce foreign exchange risk and simplify international trade operations for medium-sized businesses importing up to US$10 million annually.
Its core product provides financing to importers by using goods in transit as collateral.
New capital will support technology and stablecoin infrastructure
Vixtra plans to allocate the new investment toward strengthening its trade banking ecosystem, a platform that combines technology, financial services, and foreign exchange solutions to optimize the entire import process.
One of its main priorities is developing infrastructure based on stablecoins, integrating the technology into both foreign exchange and credit operations.
According to Leonardo Baltieri, founder and co-CEO of Vixtra, stablecoins have the potential to significantly transform international trade.
"In foreign trade, stablecoins could play a role similar to the revolution Pix brought to domestic payments, opening a new horizon for trade finance solutions with new products, greater efficiency, and expanded competitive advantages. It would be like Pix for importers."
Vixtra continues accelerating its growth
The latest Series A follows several previous fundraising efforts completed by the company.
Vixtra had previously raised US$28.9 million through its Credit Rights Investment Fund (FIDC), in addition to US$5.8 million in a pre-Series A round. Shortly after launching in 2022, the fintech also secured US$10.2 million in equity financing.
Over the past 12 months, the company reported strong business growth, expanding 2.5 times while surpassing US$12 million in Annual Recurring Revenue (ARR).
During the same period, Vixtra built an active credit portfolio exceeding US$48.2 million and expanded its customer base to more than 200 active importers using its platform.
