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Transfero

“Can Transfero become the single API layer connecting global companies to Latin American financial rails — fiat and crypto — without requiring a local banking license?”

Founded2015
HQZug, Switzerland (operational HQ: Rio de Janeiro, Brazil)
Latest roundNon Equity Assistance (2024-04-01)
IndustryInfrastructure / BaaS
The story

Founded in 2015 as Brazil's first crypto payment gateway ('Bit.One'), Transfero merged with its Swiss entity in 2017 and relocated to Zug to gain a regulated, global-expansion foundation. The 2019 creation of BRZ — the leading BRL-backed stablecoin — transformed Transfero from a gateway into liquidity infrastructure. By 2020 it had begun building BaaSiC, a Banking-as-a-Service API layer that lets global companies embed Brazilian payment rails (Pix, accounts, KYC) and crypto services without needing a local Brazilian banking license, cementing its positioning as crypto-native embedded finance infrastructure for Latin America and cross-border corridors.

Last 12 months
2026-08
2026-08
Product timeline
2015
Founded as 'Bit.One' and launched the first crypto payment gateway in Brazil.· pivot
2016
Won Bradesco's INOVABRA award; invited to advise Brazil's Central Bank on crypto.· banking
2017
Headquarters moved to Zug, Switzerland after merging with Transfero Swiss, establishing regulatory foundation for global operations.· pivot
2018
Launched PanoramaCrypto media brand; began OTC desk and Prime service operations.· banking
2019
Created BRZ, a stablecoin pegged 1:1 to the Brazilian real — became the largest non-USD-backed stablecoin.· banking
2020
Laid foundation for BaaSiC platform, enabling non-banking companies to embed Brazilian payment rails.· banking
The stack
5 layers disclosed in Transfero’s embedded-finance stack
Payments / PSP
Transfero BaaSiC (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
FX & payouts
in the full report
Crypto
in the full report
Accounting gap: minor
4 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.