UnblockPay Secures $4.5 Million Seed Round
Brazilian fintech UnblockPay has successfully raised $4.5 million in a seed funding round led by Prelude. The funding round saw participation from notable investors such as Plug and Play, Wintermute, Signature Ventures, Stone, and iFood.
Founded in 2025 by Fabio Thiele, Lucca Freire, and Pedro Henrique Braz Campo, UnblockPay provides a platform that enables the conversion of stablecoins into fiat currency and facilitates transactions through local payment networks. This service is particularly targeted at Latin American markets, providing a bridge for global stablecoin transactions.
Strategic Use of Funds
UnblockPay plans to utilize the newly raised capital to enhance its regulatory and compliance framework. A significant focus will be on securing a stablecoin license from Brazil’s Central Bank, in line with the new virtual asset service provider regulations. Additionally, the company aims to accelerate its product development and expand its reach by integrating local payment methods across Latin America and Asia.
Market Expansion and Growth
With over 40 clients across Brazil and international markets, including the US and Europe, UnblockPay has already processed over $300 million in transaction volume within its first year. The company aims to increase this figure to approximately $200 million in monthly processing volume by the end of 2026.
Leadership and Vision
UnblockPay's leadership team, comprising co-founders Fabio Thiele (COO), Lucca Freire (CEO), and Pedro Henrique Braz Campo (CTO), is committed to driving the company's mission of connecting global stablecoin transactions to Latin America. "We're excited to further our mission of making cross-border payments seamless and efficient," said CEO Lucca Freire.
Future Prospects
The seed funding round positions UnblockPay to strengthen its market presence and technological capabilities. As the company looks to expand its operations into new regions, it continues to innovate in the fintech space, providing robust solutions for stablecoin and fiat currency conversions.
UnblockPay's strategic initiatives and growing market traction highlight its potential to become a key player in the Latin American fintech ecosystem.