Alfred
Alfred is a cross-border payment infrastructure provider that connects stablecoins to local banking systems across Latin America via a single API, serving global crypto platforms, fintechs, and trade/logistics companies with instant settlement and virtual local accounts in seven countries.
- Company typePrivate
- Founded2022
- HeadquartersMiami, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Alfred does
Alfred (legal entity Alfred Pay Labs, LLC) is a cross-border payment infrastructure provider founded in 2022 by CEO Diego Yanez, headquartered in Mexico City with a US presence in Coral Gables, Florida and operational offices in São Paulo, Bogotá, and Buenos Aires. The company operates a unified payment platform that connects stablecoins (predominantly USDC) to local banking systems across Latin America, enabling businesses to move money between countries in seconds rather than days. Its core products consist of Virtual Local Accounts (allowing foreign businesses to collect local-currency payments without establishing local entities), Instant Settlement via stablecoins, and a Developer-First REST API supporting go-live in two weeks. Alfred's proprietary infrastructure provides direct connectivity to licensed payment rails including Brazil's PIX, Mexico's SPEI, and Colombia's Bre-B, with built-in KYC/KYB, AML, sanctions screening, and 24/7/365 payment operations.
The company serves four primary customer segments: global crypto platforms (including WorldCoin, Bybit, MetaMask), fintech companies, trade and logistics firms, and international businesses expanding into LATAM. Alfred is the exclusive LATAM design partner for Circle's Payments Network and has integrated with Western Union's Digital Asset Network (DAN), providing access to 350,000+ global cash-out agent locations. The business model is transaction-fee based, charging approximately 0.5-0.6% on cross-border payments compared to 2%+ on traditional wire rails, with revenue also generated through FX spreads between stablecoins and local currencies. Alfred holds direct payment and virtual asset service provider licenses in six jurisdictions (Mexico, Brazil, Colombia, Argentina, El Salvador, United States), which the company treats as its principal competitive moat.
As of early 2026, Alfred processes over $40 million in stablecoin payments monthly, has handled more than 4 million cumulative transactions for over 2.5 million end users, and is trusted by 200+ businesses. The company closed a $15 million Series A funding round in February 2026 led by F-Prime Capital with participation from Brevan Howard Digital and White Star Capital, and has expanded its operational footprint to seven countries including new entries in Peru and the Dominican Republic.
Alfred firmographics
Firmographics- Name
- Alfred
- Legal name
- Alfred Pay Labs, LLC
- Website
- https://alfredpay.io
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Alfred is a cross-border payment infrastructure provider that connects stablecoins to local banking systems across Latin America via a single API, serving global crypto platforms, fintechs, and trade/logistics companies with instant settlement and virtual local accounts in seven countries.
- Ownership category
- akta.pro rank
Alfred industry classification
Industry- Product category
- Cross-Border Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
- akta.pro secondary industries
- Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE), Cross-Border FX, Multi-currency Settlement & Dynamic Currency Conversion (THACAJAF), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Cross-Border Card-Based Transfers & Multi-Currency Cards (FSAGAKAE)
Keywords
Where Alfred is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Alfred business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Transaction Fees: Percentage-based fees on cross-border payments processed through the platform. Cost approximately 0.5-0.6% to move money cross-border compared to traditional rails at 2%+
- FX Spread Revenue: Revenue generated from foreign exchange conversions between stablecoins and local Latin American currencies
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Enterprise cross-border payment services |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels3 records
Alfred product offering
Product offeringCore offering
Alfred provides cross-border payment infrastructure that connects stablecoins (USDC) to local banking systems across Latin America through a single REST API. The platform offers virtual local bank accounts, instant settlement, and developer-first integration enabling businesses to move money across Mexico, Brazil, Colombia, Argentina, El Salvador, and the United States in seconds.
Product overview
Alfred is a cross-border payment infrastructure provider offering a unified platform that connects stablecoins to local banking systems across Latin America. The core offering consists of Virtual Local Accounts, Instant Settlement via stablecoins, and a Developer-First API. The platform enables businesses to move money across Mexico, Brazil, Colombia, Argentina, and beyond, processing payments in seconds using USDC with real-time transparency. The company operates through direct fiat licenses in multiple Latin American jurisdictions and provides APIs for developers to integrate cross-border payment functionality into their own platforms.
Differentiator
Problem solved
Functional benefit
Products and services
- Alfred Pay Cross-Border Payment Platform
- Virtual Local Accounts
- Western Union Cash-Out Network Integration
Quantifiable outcome
- Settlement time reduced from 3-7 days to 4-6 seconds
- +3 more outcomes
Companies that use Alfred
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Alfred technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature6 records
Alfred partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship and core.
- Western UnionflagshipTransformative partnership integrating alfred's unified payment rails with Western Union's Digital Asset Network (DAN). Enables global cash-out network with 350,000+ agent locations worldwide. Combines alfred's API-driven infrastructure with Western Union's fiat currency transmission capabilities and global operational support.
- CircleflagshipCircle selected alfred as their design partner for Latin America, choosing regional depth over global breadth. alfred is the exclusive LATAM payment partner for Circle Payments Network. Partnership highlights Circle's recognition of alfred's local expertise and infrastructure quality.
- Fireblockscorealfred Pay's integration into the Circle Payments Network and Fireblocks Network's presence in Latin America. alfred's deep regional knowledge and hands-on partnership enable seamless payment connectivity across the region.
- PayCargocoreStrategic partnership for payment connectivity. Collaboration with alfred has strengthened the Fireblocks Network's presence in Latin America.
- Globelink HoldingcorePartnership to service Asia-LatAm corridor opportunity at scale. Globelink sees alfred as a trusted partner with focus on compliance, transparency, and seamless onboarding.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Alfred competitors and assessment
Company assessmentDirect peers
- Bitso: Bitso is a Mexico-headquartered crypto exchange and payment platform serving LATAM with stablecoin rails. It directly overlaps with Alfred's crypto-platform and cross-border use cases across Mexico, Brazil, and Argentina.
- dLocal: dLocal is a public LATAM-focused payments processor enabling global merchants to accept local payment methods. It competes for the same enterprise cross-border payment flows that Alfred targets, including the international businesses expanding into LATAM segment.
- Conduit: Conduit provides API-driven cross-border payment infrastructure focused on emerging markets including LATAM. It is a direct competitor targeting fintechs and enterprises with stablecoin and local-rail connectivity.
- EBANX: EBANX is a Brazilian cross-border payments processor connecting global merchants to LATAM consumers. It overlaps with Alfred on cross-border payment processing for businesses expanding into the region, though EBANX is more merchant-acquiring focused.
- Pomelo: Pomelo is a LATAM fintech-as-a-service platform offering cards, accounts, and payment processing across the region. It competes for the same fintech and enterprise clients needing local LATAM payment infrastructure.
Broad incumbents
- Mercado Pago: Mercado Pago is the payments arm of Mercado Libre and a dominant LATAM fintech with deep local rails (PIX, SPEI). It competes broadly in cross-border payouts and merchant acquiring across the same geographies Alfred serves.
- Western Union: Western Union is the global remittance incumbent and Alfred's distribution partner via its Digital Asset Network. It is comparable in cross-border money movement while Alfred targets the digital-asset-enabled enterprise segment.
- Ripple: Ripple provides blockchain-based cross-border payment infrastructure (RippleNet, RLUSD) targeting banks and enterprises. It is comparable as a stablecoin/crypto-based cross-border rail competing for the same enterprise customers.
Emerging players
- Circle Payments Network: Circle operates the Payments Network and USDC stablecoin that Alfred builds on as a design partner. Circle is both an ecosystem enabler and a potential competitor as it expands its own LATAM payment capabilities.
- Felix Pay: Felix Pay is an emerging cross-border payments platform using stablecoins to serve LATAM corridors. It overlaps with Alfred on the stablecoin-based payment infrastructure value proposition for similar enterprise segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Alfred social profiles
Digital presenceAlfred compliance and trust
Trust signalCompliance7 records
Alfred financial estimates
Financial estimateRevenue estimate
Valuation estimate
Alfred leadership team
Management profileNumber of profiles
Profiles1 record
Alfred subsidiaries and ownership
Company hierarchySubsidiaries4 records
Alfred funding detail
Funding detailFunding overview
Funding rounds1 record
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Alfred M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Alfred
What does Alfred do?
Alfred provides cross-border payment infrastructure that connects stablecoins (USDC) to local banking systems across Latin America through a single REST API. The platform offers virtual local bank accounts, instant settlement, and developer-first integration enabling businesses to move money across Mexico, Brazil, Colombia, Argentina, El Salvador, and the United States in seconds.
Is Alfred a public or private company?
Alfred is a private company. It is classified as venture growth investor backed and is currently operating.
When was Alfred founded?
Alfred was founded in 2022. It employs 1 to 10 people.
Where is Alfred based?
Alfred is headquartered in Miami, United States, in the North America region.
How does Alfred make money?
Two revenue lines are on record. Transaction Fees are the primary driver. The others are FX Spread Revenue.
Who are Alfred's main competitors?
Direct peers on record are Bitso, dLocal, Conduit, EBANX and Pomelo. Broad incumbents are Mercado Pago, Western Union and Ripple. Emerging players are Circle Payments Network and Felix Pay.
Does Alfred have an API?
Yes. Simple REST API with comprehensive documentation. Test in sandbox, deploy to production. Go live in 2 weeks, not 6 months. Simple integration that works like Stripe, built for Latin America. Supports virtual account generation, payment creation, payment method registration, and liquidation address management. Developer documentation is at alfredpay.readme.io/docs/overview.
What industry is Alfred in?
Alfred's product category is Cross-Border Payment Infrastructure. Its primary akta.pro industry code is BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms, with a secondary code of THALAHAE, Cross-Border Payments & FX (multi-currency wallets, DCC, remittance). Its NAICS code is 522320 and its SIC code is 6199.