Kira, the global payments infrastructure platform, announced the closing of a $6.7 million seed funding round led by Blockchange Ventures, Vamos Ventures, Stellar Blockchain, Grit Capital Partners, Credibly Neutral Ventures, Michael Seibel, and Oso Trava.
Strategic investment for regional expansion
The funding will accelerate Kira’s expansion across Latin America, with initial focus on South America. Kira provides the underlying infrastructure that allows companies to quickly launch fintech products in emerging markets. The capital will also finance the technical team’s growth and development of new fintech products.
Kira, founded by Edrizio De La Cruz (former founder of Arcus, acquired by Mastercard), Beto (payments and blockchain expert), and Camilo (fintech specialist), has operated in stealth mode for over a year, developing its payments infrastructure that combines stablecoins, artificial intelligence, and enterprise APIs.
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Revolutionizing Global Fintech Access
Kira enables big enterprises or small startups to offer their customers blockchain powered financial services through an all-in-one API. Kira opens up a wide variety of financial products, including payments, remittances, savings, and more
“This funding allows us to accelerate building the infrastructure, starting in Latin America needs to compete in the global digital economy,” said Edrizio De La Cruz, CEO and co-founder of Kira. “Our vision is to leverage stablecoins and AI to provide modern financial services to the 1 billion underbanked.”
Strategic investor backing
The round includes participation from Blockchange Ventures, a venture fund focused on blockchain-enabled businesses that will define new categories and dominate their markets.
“Bringing blockchain powered financial services to any enterprise is a potentially massive new category of business,” commented Rob Schmults, General Partner at Blockchange Ventures. “The team at Kira was not only well positioned to have seen this, but bring an ideal combination of experience, expertise, and connections to actually make it happen”
Stellar Development Foundation’s participation reinforces Kira’s technical strategy, leveraging Stellar’s blockchain for fast, low-cost payments. Vamos Ventures brings Latin American market expertise, while Oso Trava adds his experience as an entrepreneur and reach within the region’s tech ecosystem.
Source: PRNewswire