EFEX, a financial platform specializing in global treasury and cross-border payments for mid-market companies, has successfully closed an $8 million seed funding round. The investment was co-led by prominent venture firms PayPal Ventures and Floodgate, with participation from Contour Venture Partners and Nido Ventures. This capital infusion follows a period of significant growth, during which the company surpassed $1 billion in processed payment volume and will be used to accelerate its expansion in the U.S.-Mexico trade corridor.
Modernizing a Critical Trade Corridor
The company is addressing persistent inefficiencies in international finance, where traditional cross-border payments can take up to three days and incur costs of 5% to 7% of the transaction value. EFEX provides a modern alternative for businesses operating between the United States and Mexico, one of the world's most important commercial corridors. Its platform is designed to replace legacy systems that are often used out of habit rather than for their efficiency or effectiveness in today's fast-paced market.
Fueling Growth and Technological Advancement
With the new funding, EFEX plans to accelerate the integration of Artificial Intelligence across its operational infrastructure to further simplify complex treasury workflows. This technological enhancement aims to create a more seamless and intuitive experience for companies managing multi-currency accounts, foreign exchange, and cross-border liquidity. The investment will empower businesses to manage their international finances with greater visibility and control, reducing friction and improving capital efficiency for exporters and importers alike.
Dimitri Zaninovich, co-founder and CEO of EFEX, stated that the capital was raised to fundamentally modernize how companies move money across borders. He emphasized that the current treasury infrastructure is dominated by outdated systems ill-suited for contemporary business needs. “With proven traction, we are building a new global treasury layer designed for the way companies operate today and where they are headed,” Zaninovich remarked, underscoring the company's forward-looking vision.
Proven Traction and Strategic Expansion
EFEX enters this new phase with substantial momentum, having achieved a six-fold increase in revenue during 2025 while processing over $1 billion in payment volume. This strong performance has established the platform as critical infrastructure for enterprises managing international payments, local collections, and complex treasury flows. The company's growth validates the market demand for a more sophisticated and user-centric financial solution in the B2B space.
The seed round will reinforce the company’s foundation and support its continued expansion across key business hubs in Mexico, including Mexico City, Monterrey, and Guadalajara. Furthermore, the funds are earmarked for a strategic push into the United States market, solidifying EFEX’s position as a key player in the continent's most vital trade corridor. This expansion is a crucial step in realizing the company's goal of becoming the go-to treasury platform for the region.
Investor Confidence and Market Opportunity
The involvement of high-profile investors like PayPal Ventures signals strong confidence in EFEX's mission and business model. Ian Cox, a Partner at PayPal Ventures, noted that EFEX operates in a segment where efficiency, scale, and user experience remain significant points of friction. “We are excited to contribute our global presence and expertise to support EFEX in the international scaling of its platform,” Cox commented on the partnership.
The market opportunity is substantial, as over 60% of companies in emerging markets still contend with delays, high costs, and limited visibility in their cross-border transactions. Increasing currency volatility and regulatory complexity have elevated treasury management to a core strategic function for finance teams. EFEX is well-positioned to capitalize on this trend by offering a technologically advanced solution that addresses these pressing challenges for mid-market businesses.
In conclusion, the $8 million in seed funding marks a pivotal moment for EFEX, enabling it to enhance its technology and expand its operational footprint. The company's short-term goal is to become the premier platform for corporate treasury services in Mexico, with a long-term vision of serving as a global ally for businesses navigating international expansion. By delivering a simple, transparent, and advanced treasury experience, EFEX is poised to redefine cross-border finance for the modern enterprise.