Alfred

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.

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

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

• Cross-border payments
• Payment infrastructure
• Stablecoin payments
• Latin America payments
• Developer API

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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%+
2. FX Spread Revenue: Revenue generated from foreign exchange conversions between stablecoins and local Latin American currencies

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels3 records

Core 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

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature6 records

Partnerships

Five partnerships are on record, tiered flagship and core.

• Western UnionflagshipStrategic or Co-development Partner · 5 February 2026Transformative 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.
• CircleflagshipStrategic or Co-development PartnerCircle 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.
• FireblockscoreTechnology or Integrationalfred 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.
• PayCargocoreTechnology or IntegrationStrategic partnership for payment connectivity. Collaboration with alfred has strengthened the Fireblocks Network's presence in Latin America.
• Globelink HoldingcoreTechnology or IntegrationPartnership 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

Direct 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

• LinkedInlinkedin.com/company/alfred-latam
• Xx.com/alfredlatam

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alfred