Valiu secures a $5.25 million Seed round to democratize access to borderless digital dollars in Latin America.

At Valiu, our mission is to financially empower Latin America by providing its people with safe, stable, and affordable financial services. We believe achieving that goal starts with access to a simple, strong, and global currency. Today, we’re thrilled to announce that we’ve raised $5.25 million in seed funding to help us achieve our mission.

Blockchange Ventures and Pomp led this round, with participation from Castle Island, Ryan Selkis from Messari, Alex Pack, and our existing investors Y Combinator, IDEO Colab, Mercy Corps, among other rockstars. We’re also honored to welcome Terry Rossi, Head of Investments for Blockchange Ventures, to our Board of Directors.

“One of the most significant, global applications of the Blockchain will be to improve financial stability and inclusion,” said Rossi. “Valiu is doing this by making dollar accounts accessible to anyone in Latin America. The company, and the exceptional team behind it, could improve the lives of millions of people.”

Today's funding is a major milestone for our team. It will help Valiu maintain its momentum and provide millions of new users with more reliable access to necessary financial products.

Venezuela's economic and political crisis presented a large diaspora of emigrants with a stark choice: watch their life savings evaporate amidst hyperinflation or turn to new technologies as a life raft. Valiu's first product - safe, cost-effective, and fast remittances from Colombia to Venezuela - showcased crypto's power in particular to emerging market savers. And we're now positioned to expand throughout LatAm in the years ahead with new products like interest-bearing savings accounts, instant cross-border and peer-to-peer payments tools, new on- and off-ramps, and crypto-asset lending and investing options.

Valiu is already the best solution for saving and sending money internationally in LatAm, and we look forward to empowering millions more in the region with a better financial experience.

"Crypto is a powerful tool that citizens can use to defend themselves from inflation and political uncertainty. Nowhere is that more evident than Venezuela today," said Ryan Selkis, CEO of crypto data firm Messari. "Simon and his team have executed incredibly well and scaled quickly. I'm excited to support them in their journey to onboard millions of new users to a superior financial platform at Valiu."

We plan to put capital to work immediately to grow our user base and continually improve our products towards product-market fit and mass adoption of crypto. We will also continue to invest in long term bets around using Blockchain for permissionless, censorship-resistant systems that are transparent but provide privacy.

As we dive into an exciting new chapter, we want to thank our customers for their support and feedback, our rockstar team for their dedication and passion, and our investors for their guidance.

Crypto is not only the next fintech wave, but it is also the most exciting innovation in capital markets. This is only the beginning of a long journey towards changing how people interact with money across Latin America. We are thrilled to form part of this paradigm shift in a region that desperately needs it.

Simon Chamorro, co-founder & CEO.