Uruguay’s Infinia raises $13.5 million Series A to connect bank rails with digital assets in emerging markets

Infinia, a financial infrastructure layer that bridges traditional banking networks and digital asset rails, has raised $13.5 million in an oversubscribed Series A led by Bain Capital and Variant Fund. For high-risk PSPs, the interesting bit is not the fundraising itself; it is the company’s pitch that stablecoin settlement can be wired into local fiat systems like Pix and SPEI without forcing merchants to choose between crypto-native speed and domestic banking reality.

1. The round also included Y Combinator, Lattice, Varrock, Reverie, Decacorn, G2 and Tekton Ventures. Infinia said the new capital will be used to secure additional regulatory licenses across different regions and to accelerate expansion in its core operating markets in Latin America, Africa and Asia.
2. Infinia says it sits between traditional national banking networks and digital asset infrastructure, addressing a specific operational gap: cross-border business commerce is increasingly using stablecoins for 24/7 settlement, but those digital currencies remain structurally isolated from local fiat payment rails such as Pix in Brazil and SPEI in Mexico.
3. The company’s product is built to interconnect traditional clearing systems with distributed-ledger efficiency, while handling the compliance burden created by fragmented local KYC and KYB requirements and region-specific banking rules. The result, according to Infinia, is automated settlement in multiple currencies and continuous real-time treasury reconciliation.
4. Infinia says it has a team of 20 and counts Stripe/Bridge, OpenFX, Kast and Despegar among its clients. The company was founded by CEO Ianai Urwicz, a former member of dLocal’s founding team, and CTO Alejandro Rettig, who has 25 years of experience in telecommunications and financial systems.
5. Urwicz and Rettig launched Infinia after participating in Y Combinator’s Winter 2023 batch, where they were selected from more than 20,000 applicants from around the world.