basic information
Company name: Trace Finance Ltd.
Founded: 2022
Registered capital: The official website and public information do not disclose specific registered capital data.
Key executives:
Co-founder and Chief Operating Officer (COO): Mateus Fiuza, with a background in financial market operations and technology development, responsible for corporate operations and compliance process optimization.
Shareholding structure: Trace Finance is a private company with an undisclosed shareholding structure. Known investors include 13 institutions including Fintech Collective, 3cubed Ventures, BlockFi, Circle Ventures, HOF Capital, and Magic Fund, with a total of $420K in financing (February 2022 seed round). Company nature: Limited liability company (Ltd.), a start-up in the field of financial technology (Fintech).
Business status: Normal operation, in the early stage of development, focusing on expanding business in the Latin American market.
> Founder and CEO (CEO): Leandro Marques, with experience in the field of fintech and cross-border payments in Brazil, has held leadership roles in several fintech start-ups, Focus on the Latin American market.
Enterprise classification and market classification
Enterprise category: Fintech, specifically cross-border payment and financial service providers.
Market Classification:
Industry segmentation: Payment infrastructure, cross-border remittances, foreign exchange services.
Target market: Latin American startups, especially technology companies that have raised funds from overseas, as well as customers in industries such as e-commerce, iGaming, and digital content.
Geographical Coverage: Primarily operates in Brazil, covering Latin America and supporting global payment networks.
Services & Trading Products
Core services:
Forex Services: Provide customers with low-cost foreign exchange exchange, cooperate with more than 15 foreign exchange banks, and quickly localize investment funds.
Compliance and Concurrent Legal Services: Assist clients in completing cross-border investment registration (e.g., SCE-IED, SCE-Credit, CDNR), company establishment (EIN, Flip), and compliance updates.
Industry Solution: Customized payment and transaction reconciliation services for e-commerce, gaming, and digital content creators.
> International payment infrastructure: Provides API interface to support local and international transactions, currency exchange and treasury management.
trading product:
Multi-currency account management
real-time currency exchange
automate transaction reconciliation
>Cross-border remittance
trading software:
The platform supports large-scale transaction processing with automatic reconciliation capabilities.
does not disclose the specific name of the trading software but emphasizes technology-driven modular solutions.
> Provide an API-based payment platform, Customers can integrate it into their own systems.
deposit and withdrawal methods:
specific fees and processing times vary depending on the transaction type and region, and the official website does not provide a detailed fee table.
emphasizes low rates and fast processing, outperforming traditional banking services.
supports deposits and withdrawals through bank transfers, international wire transfers (such as SWIFT), and more.
Customer support:
Dedicated account management and technical integration support for enterprise customers.
supports multilingual services such as Portuguese and English, adapting to the needs of Latin American and global customers.
>Multi-channel support is available, including email, online forms, and one-on-one service from an account manager.
Core Business and Services
Trace Finance's core business is to provide efficient and low-cost cross-border financial services to Latin American startups, helping clients manage international capital flows.
Payment Optimization: Streamline transaction processes in the e-commerce and gaming industries with API-driven payment infrastructure.
Compliance Support: Provide full-process compliance services from registration to continuous updates, reducing legal risks for clients in cross-border business.
Technology-driven: Utilizes automation technology and connectivity with forex banks to provide instant trading and reconciliation capabilities.
> Quick account opening: Provide global account opening services for startups that have already raised funds overseas, reducing waiting times.
The company emphasizes addressing the pain points of Latin American companies in the global financial market, such as high fees, complex compliance, and inefficient processes, through technological innovation and localized services.
Technical infrastructure
API-Driven Platform: The core technology is a scalable payment API, enabling seamless integration into existing systems.
Data security: Encryption technology and compliance protocols are used to ensure transaction data security and comply with international financial standards.
Partner Network: Partnered with over 15 foreign exchange banks to establish a stable payment and exchange network.
Automated Reconciliation: Enables instant reconciliation of large-scale transactions through technology, reducing manual intervention and improving efficiency.
Scalability: The platform is designed to support high transaction volumes and adapt to the growth needs of customers' businesses.
The official website does not disclose specific technology stacks or cloud service providers, but emphasizes technology as the core driving force of the business.
Compliance and risk control system
compliance system:
> complies with the Central Bank of Brazil (BCB) and international financial regulatory requirements, assisting clients in completing cross-border investment registration and compliance declarations.
provides support for anti-money laundering (AML) and know-your-customer (KYC) processes, ensuring transaction legitimacy.
collaborate with professional legal teams to provide clients with parallel legal services.
risk control system:
> utilizes automated monitoring tools to detect abnormal transactions in real-time.
through in-depth cooperation with foreign exchange banks, reduce exchange rate fluctuations and the risk of transaction failure.
does not disclose specific risk control technical details but emphasizes technology-driven risk management.
The company reduces the legal and operational risks of its clients in cross-border finance through a combination of compliance and technology.
Market positioning and competitive advantage
Market positioning:
positioned as a bridge between traditional banks and emerging fintechs, combining low-cost and efficient services.
> focusing on Latin American startups and high-growth industries (such as e-commerce, gaming), providing customized financial solutions.
competitive advantage:
Low-cost service: Cooperates with multiple foreign exchange banks to provide foreign exchange and payment fees below the market average.
Quick Response: Provides startups with quick account opening and fund localization services, outperforming the lengthy processes of traditional banks.
Technology-driven: API platform and automated reconciliation enhance transaction efficiency and attract technology-oriented clients.
Industry Customization: Provide customized payment solutions for industries such as e-commerce and gaming, enhancing customer stickiness.
>Localization Expertise: Deeply involved in the Latin American market, understanding the regional financial and regulatory landscape.
Customer Support and Empowerment
Empowerment measures:
>Through API documentation and technical support, it helps customers quickly integrate payment systems.
provides compliance consulting and training, reducing the learning cost for startups in cross-border operations.
providing data analysis tools for e-commerce and betting customers to optimize transactions and financial management.
> Customer Support: Offers 24/7 online support with a dedicated account manager who responds quickly to technical or compliance issues.
Customer feedback: The official website showcases customer cases, emphasizing service efficiency and cost advantages, but not disclosing specific customer lists.
Social Responsibility and ESG
Social responsibility:
supports the development of Latin American startups and promotes regional economic growth.
enhance the global competitiveness of small and medium-sized enterprises through low-cost services.
ESG practice:
> does not disclose detailed ESG reports, but emphasizes the reduction of paper-based processes through digital services, aligning with environmental concerns.
The compliance system focuses on anti-money laundering and anti-corruption, reflecting social governance responsibilities.
No specific charity or community project information is found.
The company's disclosure in the ESG field is relatively limited, and it may be in the early stages and has not yet formed a systematic practice.
Strategic cooperation ecology
Investment Institutions: Receive support from renowned venture capitalists such as Fintech Collective and Circle Ventures, enhancing capital and strategic resources.
Industry W: Establish cooperation with customers in the e-commerce, gaming, and digital content industries to expand application scenarios.
Technical Ecosystem: Integrate with customer systems through APIs, indirectly forming an ecological connection with enterprise ERP or payment platforms.
> Financial Partners: Collaborate with over 15 foreign exchange banks to ensure the stability of payment and exchange services.
The company has built an ecological network covering finance, technology, and industries through multi-party cooperation.
Financial health
Revenue model: Earn through transaction fees, forex spreads, and API service fees.
Profitability status: As a start-up, profit data has not yet been disclosed and is expected to still be in the investment expansion stage.
Financial risk: Dependence on external financing, need to continue to attract investment to support growth; Latin American market volatility can impact revenue stability.
> Financing status: Completed a $420K seed round of financing in 2022, with investors including 13 institutions.
roadmap for the future
Product Upgrades: Enhanced API functionality and introduced more industry-tailored solutions, such as real-time reconciliation tools for betting.
Technological Innovation: Invest in AI and blockchain technology to enhance transaction transparency and efficiency.
Compliance Enhancement: Follow global regulatory trends and optimize AML and KYC processes.
Funding Plan: May seek Series A funding to support technology and market expansion.
> Market expansion: Plans to further cover other countries in Latin America and consolidate regional market position.
