Summary
Infinia, a Uruguayan digital finance infrastructure company, raised $13.5M in an oversubscribed Series A led by Bain Capital and Variant Fund. The company builds technical and regulatory connections between legacy clearing routes (Brazil's Pix, Mexico's SPEI) and on-chain settlement. Founded in 2023 by Ianai Urwicz (ex-dLocal founding team) and Alejandro Rettig, Infinia has 20 employees and serves clients including Stripe Bridge, OpenFX, Kast, and Despegar.
Technical Architecture
Core Function
Infinia provides a programmable financial infrastructure layer that bridges traditional banking networks with digital asset infrastructure for businesses operating in emerging markets. The platform handles:
- Fiat virtual accounts connected to local payment rails
- On-chain settlement via stablecoin networks
- Automated multi-currency settlement with real-time treasury netting
- Compliance-first architecture handling fragmented local KYC/KYB requirements
Payment Rail Coverage (from Infinia Docs)
Latin America:
- Brazil (BRL): Pix (B2C/B2B), TEF Bank Transfer (Enterprise B2B)
- Mexico (MXN): SPEI (B2C/B2B and Enterprise B2B)
- Argentina (ARS): Bank Transfer 3.0 (Coelsa/Link)
- Colombia (COP): Bre-B (B2C/B2B), ACH (Enterprise B2B)
- Chile (CLP): TEF
- Peru (PEN): Yape
- Paraguay (PYG): SIPAP/ACH
- Uruguay (UYU): SPI/ACH
- Bolivia (BOB): Yape
North America (beta):
- US (USD): ACH/FedWire
Europe (beta):
- UK (GBP): FPS/CHAPS
- SEPA Eurozone (EUR): SEPA Credit
Asia:
- Southeast Asia: Coming soon (planned Q2 2026)
Compliance Architecture
- Built with compliance at its core
- Takes on burden of fragmented local KYC/KYB requirements
- Handles regional banking complexity
- Enables automated settlement across multiple currencies
- Continuous real-time treasury netting
Funding Details
| Detail | Value |
|---|---|
| Round | Series A |
| Amount | $13.5M (oversubscribed) |
| Lead Investors | Bain Capital, Variant Fund |
| Additional Investors | Y Combinator, Lattice, Varrock, Reverie, Decacorn, G2, Tekton Ventures |
| Founded | 2023 |
| Founders | Ianai Urwicz (CEO, ex-dLocal founding team), Alejandro Rettig (CTO, 25+ years telecom/financial systems) |
| Team Size | 20 employees |
| Y Combinator | Winter 2023 batch |
| Key Clients | Stripe Bridge, OpenFX, Kast, Despegar |
Use of Funds
- Obtain additional regulatory licenses across regions
- Accelerate growth in Latin America, Africa, and Asia
Why It Matters for the July 11 Digest
Infinia addresses the critical infrastructure gap between fast-growing stablecoin adoption in emerging markets and the domestic fiat systems where most commerce still happens. As cross-border trade increasingly uses stablecoins for 24/7 settlement, the ability to seamlessly connect on-chain rails with local payment systems like Pix and SPEI becomes essential infrastructure. The Bain Capital and Variant Fund backing signals institutional confidence in this thesis. CEO Ianai Urwicz's background as part of dLocal's founding team (dLocal went public on NASDAQ at multi-billion valuation) adds credibility to the emerging market payments infrastructure play.