BRLA Digital Secures Additional Investment from 99 Capital

Published 24 days ago

BRLA Digital, a player in the cross-border payments and crypto infrastructure market, has secured additional funding from 99 Capital in its pre-seed round. This investment, spearheaded by Dave Wang, founder of 99 Capital and former Head of crypto at Softbank LatAm, has boosted the total round to more than R$ 4 million.

The timing of this investment is strategic as BRLA Digital is focused on reinforcing its position in the market. The fintech company had completed the first phase of its pre-seed round in October 2023, with investors including Coins, a Philippines-based exchange, and Rodrigo Benez, a prominent digital assets investor.

BRLA Digital’s Growth Trajectory

The extension of the round, according to Matheus Moura, CEO of BRLA Digital, will be greatly beneficial to the company. The inclusion of Dave Wang, with his vast experience in the crypto, technology, and business markets, is expected to further propel the company’s growth.

BRLA Digital, which provides financial infrastructure and cross-border payments in compliance with regulatory standards, aims to cater to local or international “crypto-friendly” companies seeking opportunities in the Brazilian market. To achieve this, it has developed a stablecoin tied to the real (BRLA Token) that offers a convenient and stable access point for users and companies to the cryptocurrency universe.

The fintech company, which is part of the startup acceleration program by Pinheiro Neto Advogados, plans to have more than 30 clients in its portfolio by the end of 2024. Leandro Noel, CSO of BRLA Digital, expressed confidence in the potential of their solutions and their ability to stand out in the market.

Stablecoin Secured by Audit Firm

In November 2023, BRLA Digital announced that its stablecoin ($BRLA) had been approved in a rigorous assurance process conducted by UHY Bendoraytes, an independent audit company with over six decades of experience in the Brazilian market. This made BRLA Digital the first company globally to have a real-linked stablecoin endorsed by an independent audit.

With an independently audited stablecoin, BRLA Digital acquired a significant market differentiator and now seeks to expand its operation in Brazil.

The Emergence of BRLA Digital

The co-founders of BRLA Digital originally created Ada Capital, a company regulated by the CVM and focused on the crypto market. Recognizing the growth of the market and the favorable regulatory advancements in Brazil, they decided to pivot the business and invest in cross-border payment infrastructure, leading to the birth of BRLA Digital.

The executive team of BRLA Digital, comprised of Matheus Moura, Luiz Castelo Branco, Hector Fardin, Leandro Noel, and Lucas Giorgio, has been closely associated for over a decade, stemming from their university formation or working together in the financial and technology markets.