Expanded Financing for Enhancing Bitcoin and Stablecoin Transfer System Through Saf.money Platform
Saf.money, a cross-border platform that utilizes Bitcoin and stablecoins, is expanding its services, primarily targeting Latin America and the US, following a successful oversubscribed pre-seed funding round.
The funding was led by investors including Fulgur Ventures, Plan B, Initial Capital, and 1A1z, who also advised on the transaction. The capital raised will be used to enhance Saf.money's off-ramp capabilities in Latin America and to integrate new stablecoin rails and distribution partnerships within the US.
Founded by Mario Aguiluz (CEO) and Esteban de la Pena (CSO), Saf.money aims to simplify international money transfers by enabling direct bank-to-bank transactions from the US and combining traditional banking infrastructure with digital asset technology. Their platform is white-label and facilitates faster, lower-cost, and more flexible transactions for businesses.
Users can receive funds through WhatsApp bots, virtual US bank accounts linked to local accounts, and unique Money Addresses like [email protected]. This approach seeks to make cross-border money movement as seamless as sending instant messages.
Saf.money's unique approach lies in its orchestration platform that blends traditional finance infrastructure with digital assets (Bitcoin and stablecoins) for efficient, cost-effective cross-border payments. The team behind Saf.money consists of experts in fintech and TradFi, ensuring a solid foundation for the platform's growth.
"We are delighted to close our first round of institutional capital. 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," said Mario Aguiluz, CEO of Saf.money.
Dan O'Prey, a Founding Partner at 1A1z, expressed his support for Saf.money, stating, "We are excited to be part of the next wave of Bitcoin-native finance through Saf.money." Initial Capital also voiced its support, acknowledging the opportunity to radically simplify cross-border money movement.
By disrupting traditional banking models, Saf.money is poised to make banking accessible to all Latinos, offering a huge opportunity to radically simplify cross-border money movement. The platform, with its unique approach to connecting disparate payment networks, is set to revolutionize the way people transfer money across borders.
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