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 and our existing investors Y Combinator, IDEO Colab, Mercy Corps, Volt Capital and others. 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.”

This is a big milestone for our team, so I wanted to take this moment to share my thoughts on Valiu now and our plans for the future.

To date, we have leveraged the Venezuelan diaspora to land and expand quickly in Latin America while building a better cross-border network. Our first product enabled safe, cost-effective, and fast remittances from Colombia to Venezuela. Valiu has now evolved to provide dollar-denominated balances and free, immediate cross-border transfers. Offering borderless dollar accounts positions the company as the best solution for sending money internationally in LatAm, and poses a serious threat to traditional remittance companies.

We plan to use our momentum to expand into a wide range of dollar-denominated financial services. Soon, we plan to offer savings, payments, investments, and credit to businesses and individuals across LatAm, regardless of their income. In doing so, we hope to protect the region –and its people– from some of the world's highest inflation and local currency depreciation, while contributing to its economic prosperity and financial integration.

"It’s increasingly clear that crypto-financial infrastructure is flattening the global payments landscape and giving savers worldwide a free choice of currency, allowing them to opt out from monetary repression. Valiu is at the forefront of this transformation and we couldn’t be more excited to support them in their important mission." Nic Carter.

We plan to put capital to work immediately to grow our user base and continually improve our products. We will also continue to invest in compliance, AML, and KYC systems to close deals with regulated financial institutions.

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 and we are thrilled to form part of this paradigm shift in a region that desperately needs it.

Simon Chamorro, co-fundador y CEO.