RE: Top riser of the day now2 Feb 2026 14:16
Based on information from mid-2024, Alfred Pay (a Latin American-focused B2B payments company utilizing stablecoins) has shown rapid growth:
Transaction Volume: As of June 2024, the company was processing around $40 million in monthly volume.
User Base: It serves approximately 350,000 users.
Business Model & Profitability: The company charges a small percentage of each transaction and has become profitable.
Growth Context: The platform focuses on bridging traditional payment systems with stablecoins to help SMBs avoid currency volatility in Latin America.
VALUATION OF ALFREDPAY they raised 15$ mill last month for series A funding (series A is 10-20% equity normally) so valuation is 75-150 mill$ as of last month
Alfred Pay (often referred to as alfred) is a Latin American financial technology company focused on bridging traditional banking with stablecoin-based payment rails, particularly using USDC.
Key Value and Performance Metrics (As of 2024-2026):
Funding: In January 2026, alfred announced a $15 million Series A funding round led by F-Prime, Brevan Howard Digital, and White Star Capital to scale its infrastructure.
Volume & Adoption: As of June 2024, the platform was processing approximately $40 million in monthly volume.
Network: It supports instant settlement across major LATAM currencies, including MXN (Mexico), BRL (Brazil), COP (Colombia), and ARS (Argentina), along with USD.
Technology: It utilizes the Stellar network for near-instant, low-cost cross-border transfers and acts as a licensed money transmitter in various jurisdictions.
Partnerships: It is an early adopter of the Circle Payments Network (CPN), allowing it to integrate directly with local systems like Brazil's Pix.
Profitability: As of mid-2024, the company reported becoming profitable by charging a percentage of transaction volume.
Alfred Pay differentiates itself by offering a "plug-and-play" API for businesses to handle on/off-ramps between crypto and local fiat, aimed at reducing the high fees and slow settlement times (2-5 days) of traditional banking to under 72 seconds.
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