Foxbit
“Can Brazil's pioneer crypto exchange become the embedded crypto infrastructure layer for Brazilian banks and fintechs while building a parallel offshore crypto-bank for retail?”
Founded2014
HQOsasco, São Paulo, Brazil
FoundersJoão Canhada
Total raised$20M+ (disclosed)
Latest roundSeries A, 2022
IndustryFintech / Crypto
The story
Founded 2014 as a pure Bitcoin exchange in Brazil, Foxbit evolved into a 360º crypto ecosystem (Grupo Foxbit) spanning B2C exchange, OTC desk (Prime Desk), crypto payment gateway (Foxbit Pay), tokenization (Foxbit Tokens), and Crypto-as-a-Service (Compra Fácil) for banks. The company is positioning itself as crypto infrastructure for Brazilian financial institutions while also building a separate offshore arm (Foxbit Bank, Dominica) for USD/stablecoin banking, US equities, yield, and a crypto-linked card with cashback.
Last 12 months
Product timeline
2014
Founded as one of Brazil's first cryptocurrency exchanges.· launch
2019
Automated BRL withdrawals via partnership with Banco Neon (previously Transfeera since 2017).· banking
2019
Migrated crypto custody to BitGo.· custody
2021
Launched Bitcoin-collateralized lending in partnership with Rispar.· lending
2021
Launched Foxbit Pay crypto payments gateway.· payments
2021
Launched Compra Fácil (Crypto-as-a-Service) for banks and fintechs.· launch
2022
Closed $20M Series A led by OK Group.· funding
2025
Earned SOC 2 Type II certification; ABcripto AML compliance seal.· compliance
2025
Partnered with Fenynx to relaunch Bitcoin-collateralized credit at scale.· lending
Regulated entities
1
regulatory licence held by Foxbit
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Foxbit’s embedded-finance stack
Payments / PSP
Foxbit Pay (self-operated)PIX (direct)
Banking / BaaS
in the full report
Lending
in the full report
Crypto
in the full report
Accounting gap: minor
6 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.