Parfin, a Brazilian fintech company, has officially secured a $10 million raise that was led by New York VC firm, Framework Ventures, L4 Venture Builder, and Nuclea, according to the Brazilian Report.
The series A raise brought the total funding total to $38 million.
“Parfin champions a unified finance (UniFi) approach, combining the best of traditional (TradFi) and decentralised (DeFi) finance, which has already helped global financial institutions benefit from blockchain technology,” Marcos Viriato, Parfin cofounder and CEO said of the raise. “With this new funding, we can help more banks and financial institutions realise new sources of revenue and stay relevant by leveraging the efficiency, security, and transparency of digital assets.”
Parfin’s Rayls is one of the solutions participating in Brazil’s DREX central bank digital currency (CBDC) trials.
