Saf.money Raises Funds to Expand Bitcoin and Stablecoin Money Movement Platform

Saf.money recently completed a pre-seed funding round to enhance its cross-border platform, utilizing Bitcoin and stablecoins. Founded by Mario Aguiluz, former IBEX executive and current CEO, and Esteban de la Pena, former Chief Strategy Officer at IBEX, the company aims to streamline international transfers, with a primary focus on US bank-to-bank transactions.

The pre-seed round was oversubscribed and included investments from Fulgur Ventures, Plan B, Initial Capital, and 1A1z. The funding will be used to expand Latin American off-ramps, develop stablecoin rails, and establish partnerships for distribution in the United States.

Saf.money offers a white-label settlement platform that integrates digital assets and traditional banking systems to facilitate quick, affordable money transfers. Users can leverage Bitcoin, stablecoins, WhatsApp bots, Money Addresses, and virtual US bank accounts connected to local banks.

In a statement, Mario Aguiluz expressed his excitement about closing the round of institutional capital, highlighting the chosen investors’ ability to support the company’s mission of simplifying cross-border money movement. He envisions a future where sending money internationally is as easy as sending an instant message.

Mayra Tama, a Partner at Initial Capital, praised the Saf.money team for disrupting traditional banking models and using Bitcoin and digital asset technologies to make banking more accessible to the Latino community. Initial Capital is thrilled to be a part of this new wave of Bitcoin-native finance.

Dan O’Prey, Founding Partner at 1A1z, commended Saf.money’s innovative approach of using Bitcoin as a means to connect different payment networks. He believes that the company has a significant opportunity to revolutionize cross-border money transfers and is excited to support their mission.

In conclusion, Saf.money’s unique blend of traditional banking and digital assets is poised to revolutionize the way individuals send and receive money across borders. With the support of strategic investors and a strong team of industry experts, Saf.money is well-positioned to make a lasting impact on the financial services industry. Pulse 2.0 will continue to monitor their progress and provide updates on their growth and achievements in the coming months.