July 16, 2024
Caliza has raised $8.5 million in funding, led by Initialized, marking the firm's first investment focused on the Latin American market. Kebrab, a former Visa employee, highlighted the critical need for faster transaction solutions in regions like Latin America, where delays can have significant financial impacts. He mentioned nearshoring in Mexico as an example, where payment processing delays can cause costly production setbacks
Project | Latest Raise | Latest Raise Date | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|
Caliza | $8.5M | July 16, 2024 | $13.4M | Initialized | FinTech |
The new round is led by Initialized, with participation from Abstract Ventures, Class 5 Global, Digital Currency Group, Kraynos Capital, New Form Capital and Quona, as well as fintech executives as angel investors.
Caliza plans to expand into Mexico this fall, adjusting their timeline to address regulatory and compliance challenges. The startup, currently with a team of 10 in Brazil, aims to double its workforce with the new funds, strengthening its local presence.
About Caliza
Caliza is a financial technology company that provides an infrastructure for instant cross-border settlement and US Digital Dollar Accounts. Their mission is to empower everyone, regardless of their location or circumstances, to access instant and stable liquidity. They enable financial firms globally to offer real-time settlement and dollar accounts, creating opportunities for people to participate in developed economies and build wealth.
Their technology helps businesses embed digital dollar accounts and real-time payments into their products and services, unlocking new financial opportunities for their customers. They offer a range of services including digital banking and brokerages, payroll, remittance, and international invoicing. The company was founded in 2021 and has a diverse team assembled from across the globe.
Website: https://www.caliza.co/
About Investor
Investor: Initialized Capital
Initialized Capital is an early-stage venture capital firm that provides seed-stage founders with the tools to build companies and navigate the venture landscape. The firm was founded in 2011 by Alexis Ohanian, Harjeet Taggar, and Garry Tan, and is headquartered in San Francisco. As of 2021, it has raised more than $3.2 billion in assets.
Initialized Capital focuses on various sectors including enterprise SaaS, sustainability, health, hard tech, artificial intelligence, infrastructure, consumer, and crypto. The firm has 6 investing partners and over $3.2B under management over five core funds since its founding. The startups they have invested in have created an aggregate market value of over $200B. They are committed to guiding their portfolio companies from 0 to 1 and beyond, serving as advisors for life. They also have a diverse team with varied passions, perspectives, and professional backgrounds, including founders, builders, engineers, designers, journalists, and more
Location: San Francisco, CA
Website: https://initialized.com/
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