Caliza Raises $8.5M from Initialized Capital to Expand USDC-Based Money Transfers in Latin America

Jul 15, 2024, 03:29 PM

Caliza, a startup focused on providing real-time money transfers in Latin America using USDC, has raised $8.5 million in new funding. The investment was led by Initialized Capital, with participation from other investors. Caliza aims to enable companies in Latin America to offer instant cross-border settlements and regulated digital dollar accounts to their customers. The funding will help Caliza expand its services and provide frictionless transactions, leveraging stablecoins and existing real-time payment networks.