Fintech firm Oxus Finance has successfully closed a US$2.4 million funding round to fuel its global expansion and enhance its cross-border payment solutions. Led by Echo3 Participações, the investment will enable the company to integrate stablecoins more deeply into international remittance systems. This strategic capital injection positions the six-month-old startup to scale its B2B services across key international markets, with participation from firms like Underblock, Boost Research, and Defiers.
A Strategic Vision for Global Payments
Oxus Finance aims to operate as a comprehensive aggregator for international payments, likened by CEO Fillipe Trentin to a "Decolar.com for stablecoins." The platform utilizes artificial intelligence to analyze and select the optimal route for each transaction, considering factors like exchange rates and spreads. This allows corporate clients to execute international remittances efficiently through a single interface, thereby maximizing their margins and simplifying complex financial operations.
With the new funding, the company plans to extend its reach into North American, European, and Asian markets from its current offices in Brazil and the United States. Its B2B client base already includes major players in petrochemicals, telecommunications, and manufacturing, as well as tech firms using the service for expatriate payroll. This diverse clientele underscores the broad applicability of its innovative payment infrastructure across various industries.
Bridging Traditional and Digital Financial Worlds
The company strategically positions itself as an integrator of both modern and legacy financial systems rather than relying solely on stablecoins. Its platform incorporates traditional foreign exchange markets and established settlement networks like SWIFT alongside digital asset solutions. This hybrid approach provides clients with a robust and versatile infrastructure for managing international payments and liquidity, ensuring reliability and choice.
According to Trentin, even traditional systems like SWIFT are evolving to offer faster alternatives inspired by the efficiency of blockchain technology. By aggregating various liquidity providers, including stablecoin issuers and traditional exchange platforms, Oxus ensures it can offer the most competitive options. This flexibility is key to its value proposition, catering to a wide range of corporate financial needs in a dynamic global market.
Navigating Brazil's Evolving Regulatory Landscape
The company's growth coincides with a pivotal moment for virtual asset regulation in Brazil, which Trentin sees as crucial for institutional adoption. Two parallel regulatory movements are shaping the industry: new Central Bank rules for service providers and a congressional proposal to update the legal framework for stablecoins. These developments are expected to bring greater predictability and stability to the market, fostering a safer environment for investment.
Oxus Finance supports the legislative push to differentiate and regulate stablecoins, particularly the move to prohibit purely algorithmic models. Citing the collapse of the Terra (LUNA) ecosystem, Trentin emphasizes the importance of asset-backed stablecoins that are fully collateralized and audited. He believes this regulatory clarity is essential for building the trust required for large-scale institutional participation and long-term market health.
Fostering Market Education and Future Growth
As regulatory frameworks mature, Oxus Finance has observed a direct increase in demand for its services from large institutions seeking clarity. To address this, the company plans to launch a manifesto advocating for the digitalization of finance in Brazil. It also intends to establish an educational hub designed to demystify digital assets and their underlying technologies for the corporate and institutional sectors.
This US$2.4 million investment marks a significant milestone for Oxus Finance, empowering its mission to simplify global B2B payments. By skillfully navigating the intersection of technological innovation and regulatory advancement, the company is poised for significant growth. Its integrated approach, combining digital assets with traditional finance, positions it to become a key player in the future of cross-border transactions.
Source: startups