Infinia Raises $13.5 Million in Series A Funding
Infinia, a financial infrastructure startup specializing in connecting traditional clearing systems with digital ledger technology, has successfully raised $13.5 million in a Series A funding round. This round was led by Bain Capital and Variant Fund, with participation from notable investors such as Y Combinator, Lattice, Varrock, Reverie, Decacorn, G2, and Tekton Ventures.
Founded in 2023, Infinia is designed to automate cross-border payouts, collections, and manage multi-currency virtual accounts. The platform seamlessly integrates payment systems like Brazil's Pix and Mexico's SPEI, while also ensuring compliance with regulatory requirements across various markets.
Leadership and Vision
The company was co-founded by Ianai Urwicz, CEO, and Alejandro Rettig, Co-founder & CTO. Ianai Urwicz brings valuable experience from his time as a member of the founding team at dLocal, while Alejandro Rettig offers over 25 years of expertise in telecommunications and financial systems. Both founders participated in Y Combinator’s Winter 2023 batch, which helped lay the groundwork for the company’s current growth trajectory.
Use of Funds
Infinia plans to leverage the new capital to secure additional regulatory licenses and to expand its operations across Latin America, Africa, and Asia. This expansion is aimed at broadening the reach of their financial services and enhancing the connectivity between traditional and digital payment systems.
Expanding Global Reach
The funding will enable Infinia to enhance its offerings and scale its operations. With a team of 20 employees, the company serves a diverse clientele that includes Stripe Bridge, OpenFX, Kast, and Despegar. By expanding their regulatory footprint, Infinia aims to facilitate smoother cross-border transactions for businesses operating in emerging markets.
Infinia's innovative approach to integrating traditional and digital financial systems positions it as a key player in the evolving landscape of global financial infrastructure. The Series A funding marks a significant milestone in the company’s journey, supporting its mission to streamline international financial transactions through cutting-edge technology.