El Salvador-based Saf.money has announced the successful close of an oversubscribed pre-seed funding round to advance the development of its cross-border payments orchestration platform, which leverages bitcoin and stablecoin infrastructure.
The company was founded by Mario Aguiluz (CEO) and Esteban de la Pena (CSO), both formerly with IBEX, with the aim of simplifying the process of sending and receiving funds internationally, beginning with direct bank-to-bank transfers from the US.
The round saw participation from Fulgur Ventures, Plan B, Initial Capital, and 1A1z, the latter of which also advised on the transaction.
The capital raised will support the expansion of off-ramp capabilities in Latin America and fund the integration of new stablecoin rails and distribution partnerships in the US.
Saf.money operates a white-label settlement platform that combines traditional banking infrastructure with digital asset technology.
It enables faster, lower-cost, and more flexible money movement services for businesses.
Transactions are facilitated through bitcoin and stablecoin rails, while end users can receive funds via WhatsApp bots, virtual US bank accounts connected to local accounts, and Money Addresses (e.g. $you@saf.money).
“We are delighted to close our first round of institutional capital,”
said Mario Aguiluz, co-founder and CEO.
“We chose these investors because of their deep ability to help us execute our vision of moving money across borders as easily as instant messages.”
Featured image credit: Edited by Fintech News America, based on image by syda_productions via Freepik
