Episode #188: Inside Trace Finance's $32M Series A Raise

Episode #188: Inside Trace Finance's $32M Series A Raise

July 12, 2026 · 30 min

About this episode

The episode discusses Trace Finance's $32 million Series A raise and the launch of a BRL-backed stablecoin.

Hey everyone, Bernardo Brites and Rafael Luz are co-founders of Trace Finance, a Brazilian cross-border payments infrastructure company. I caught up with them at Bitso Business’ Stablecoin Conference in Mexico City last month to discuss the company’s $32 million Series A and the launch of a BRL-backed stablecoin. Trace Finance has been building stablecoin rails for Brazil since 2019, long before the current wave of cross-border payment startups. The timing of their raise reflects growing investor conviction in the Latam corridor and a regulatory environment that is pushing serious volume toward licensed, bank-backed operators. 🙌 You can listen to Bits and Borders on your favorite podcast platform YouTube | Spotify | Apple Podcasts 🔥 Join our English language Telegram group to continue the conversation Bits & Borders is Presented by Sumsub Sumsub recently released its fourth annual State of the Crypto Industry report. The new research reveals how digital asset companies are balancing fraud prevention, regulatory pressure, and user experience as they scale in 2026. This report draws on Sumsub’s internal data from 2024–2025 and insights from 300 crypto companies surveyed outside…

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