The fintech Avenia, formerly BRLA Digital, announced the raising of R$ 12 million. The seed round was led by the funds Big Bets and Fluent Ventures. The BRLA Token, a stablecoin pegged to the real that made the company known, will continue to be a key part of the operation.
With over R$ 3 billion processed and 2 million transactions completed, the company reached breakeven in less than 12 months. Now, the brand seeks to scale its solutions with new regulatory licenses, reinforcement in compliance, and advancements in technology.
According to Matheus Moura, co-founder and CEO of Avenia, most of the revenue already comes from the international payments platform. “Although we are known for BRLA, the new name more clearly shows what Avenia is today and where we are headed,” he stated.
What will Avenia do with the funding?
With the new investment, Avenia will expand its operations to other countries in Latin America. Thus, the company aims to obtain regulatory licenses, strengthen compliance and risk, and enhance technological infrastructure, with the goal of scaling operations securely.
“Brazil is a strategic starting point — with an advanced regulatory framework and a highly digitized market. From this base, our ambition is to build the benchmark infrastructure for all of Latin America. We are structuring regulated entities in key countries in the region and in the USA, to deliver robust cross-border solutions on a continental scale.” — Leandro Noel, co-founder and COO of Avenia
Solid growth and recognition in the sector
The fintech had already raised R$ 4 million in a pre-seed phase and integrated the legal acceleration program of the Pinheiro Neto Advogados law firm. In 2023, Avenia became the first in the world to obtain an independent audit — conducted by UHY Bendoraytes — for a stablecoin pegged to the real.
Avenia currently serves everyone from fintechs to large corporations and continues to expand its infrastructure to lead the digital payments sector among countries in Latin America.
The article Avenia raises R$ 12 million and aims for stablecoin expansion was first seen on BeInCrypto Brazil.