Infinia, a Uruguayan startup that connects conventional payment systems with stablecoin networks, raised a $13.5m Series A, according to reports published on 9 and 10 July 2026. Bain Capital and Variant Fund led the round.
Y Combinator, Lattice, Varrock, Reverie, Decacorn, G2 and Tekton Ventures also invested, LatamList and Fintech Global reported. Fintech Global described the round as oversubscribed. Neither outlet gave a valuation, and none was disclosed.
Infinia said it will use the money to obtain further regulatory licences and to grow in Latin America, Africa and Asia, its main markets.
“People talk a lot about stablecoins, but underestimate the difficulty of the last mile”Parth Chopra, Partner, Bain Capital
What Infinia does
Businesses that trade across borders increasingly use stablecoins because they settle around the clock. But those networks remain cut off from domestic bank systems such as Brazil's Pix and Mexico's SPEI, according to Fintech Global. Infinia builds the technical and regulatory links between the two.
LatamList said the platform manages regulation across several markets, and Fintech Global described a compliance-first design that handles fragmented local know-your-customer and know-your-business rules. It also offers automated settlement across multiple currencies and continuous treasury netting in real time.
The company was founded in 2023 by Ianai Urwicz, a member of dLocal's founding team, and Alejandro Rettig, who has more than 25 years of experience in telecoms and financial systems. Both took part in Y Combinator's Winter 2023 batch. Urwicz is chief executive. LatamList reported that Infinia has 20 employees and counts Stripe Bridge, OpenFX, Kast and Despegar among its customers. Transaction volumes were not disclosed.
Who invested
Bain Capital and Variant Fund co-led the round. Parth Chopra, a partner at Bain Capital, told Fintech Global that Infinia is becoming the default fintech infrastructure provider for leading companies that want to go global from day one. He said the difficulty of the last mile in stablecoin payments is underestimated.
The other backers are a mix of venture firms and Y Combinator, which funded the company in its early days. LatamList did not report earlier funding, and no total raised to date was disclosed.
What the money is for
The funds are earmarked for two things. The first is more regulatory licences, which the company needs to move money legally in each country it serves. The second is faster growth in Latin America, Africa and Asia.
Infinia is part of a wider group of startups building payment infrastructure around stablecoins for emerging markets, where local rails are fragmented and cross-border settlement is slow. The company did not name specific new countries or give targets for volumes or revenue.
In the founders' and investors' words
Urwicz said Infinia aims to be the default infrastructure layer that lets businesses in emerging markets operate seamlessly, according to Fintech Global. He described the friction between stablecoin settlement and local fiat systems as the exact problem the company solves.
Chopra said Infinia is becoming the default fintech infrastructure provider for leading companies that want to go global from day one. He referred to a lean team led by Urwicz and Alejandro, and said the market has so far underestimated how hard it is to get money in and out of local banking systems.
Company website: infinia.xyz