Infinia, a Montevideo-based company, has raised $13.5M in Series A funding led by Bain Capital, Variant, and Y Combinator. It offers a unified API that connects traditional clearing systems such as PIX and SPEI with stablecoin rails, allowing enterprises to manage multi-currency virtual accounts, collections, and disbursements across emerging markets without local entities. The capital will accelerate regulatory licensing and technology expansion across Latin America, Africa, and Asia.
Stablecoin Rails Gain Enterprise Traction
The round arrives as fintechs and marketplaces seek unified infrastructure to handle both local instant-payment networks and digital assets. Infinia positions its platform at the intersection of these systems, offering virtual accounts in MXN, BRL, and USDC plus real-time FX netting. Partners including Stripe, Bridge, and Despegar already route volume through the API.
Legacy Rails Create Cross-Border Friction
Traditional payment systems in Latin America suffer from high decline rates, fragmented rails, and slow settlement. Companies moving funds across borders often must maintain separate integrations for each country and lack the ability to embed logic directly into transactions. Infinia’s customers previously faced these constraints when processing payouts or collections for marketplaces and fintechs.
Unified API Bridges Fiat and Stablecoins
Infinia built a single programmable interface that handles collection via local instant rails, conversion through on/off-chain netting, and disbursement with atomic settlement. The approach differs from pure-play stablecoin providers by maintaining full connectivity to domestic banking grids while adding digital-asset capabilities. In April 2026 the company added Model Context Protocol support, allowing LLM-native tools to trigger payments directly.
"It's like going from a Nokia 1100 to a smartphone. Money, until now, has been 'dumb'.”
Bain and Variant Validate Infrastructure Thesis
The investor group includes growth and crypto-focused funds alongside Y Combinator, which participated in Infinia’s 2023 seed round. Their participation signals conviction that programmable money infrastructure will span both traditional and blockchain rails in emerging markets. Proceeds target licensing and rail expansion rather than customer acquisition.
Referral-Driven Growth Signals Product Fit
Infinia reports that most customers arrived through referrals and that volume in one recent month exceeded the prior quarter total. The company serves tier-one PSPs and payment gateways across four continents while maintaining a lean team of roughly twelve people. Its founders previously scaled dLocal from zero to $100M ARR, bringing deep operational experience in the region.
Leadership Draws on dLocal Track Record
CEO Ianai Urwicz served on dLocal’s founding team as VP Sales & Partnerships. Co-founder Alejandro Rettig brings more than twenty-five years in fintech and telecom. This background informs the company’s focus on regulatory navigation and local-market integration across multiple jurisdictions.
Expansion Targets Africa and Asia Next
With the Series A closed, Infinia plans to open additional regulatory licenses and deploy technology rails beyond Latin America. Active hiring for finance roles in Buenos Aires and continued product releases, including the recent Tempo mainnet integration, indicate near-term execution priorities.