Alfred Pay

Alfred Pay (commercially branded as alfred) is a B2B payments infrastructure company that bridges stablecoin rails and local banking systems across Latin America. Founded in 2021 and based in Miami, the platform lets businesses collect and disburse funds in local currencies throughout the region without establishing legal entities or maintaining bank accounts in each country they serve.

The Problem Alfred Solves

Cross-border payments in Latin America have historically depended on correspondent banking networks that introduce multi-day settlement delays, opaque FX spreads, and fragmented compliance requirements across dozens of jurisdictions. Businesses operating across borders face currency risk from the moment a payment is initiated until it clears, and manual reconciliation compounds with every additional country added to their operations.

Alfred addresses this by using stablecoins as a settlement bridge. A payment enters the network as local fiat currency, converts to a stablecoin for cross-border transit, and reconverts to the destination fiat upon arrival. Alfred's infrastructure handles the full round-trip — including FX conversion, compliance screening, and local banking integration — through a single API. The company reports settlement times of under 72 seconds, compared with one-to-five business days typical of correspondent banking.

Core Platform and Products

Alfred's primary interface is a developer-first API that the company positions alongside Stripe in terms of design approach. The API covers four main functions: business onboarding with integrated KYC, KYB, and AML screening; fiat-to-stablecoin conversion; cross-border stablecoin transit; and local-currency payout to accounts on regional payment rails. Compliance automation — including sanctions screening across jurisdictions — is built into each transaction rather than handled as a separate step.

Businesses that prefer a no-code option can embed Alfred's plug-and-play widget with a few lines of code. A complementary OTC desk handles large-volume trades for institutional customers requiring competitive FX spreads on high-notional conversions.

For developers, Alfred provides a sandbox environment at sandbox.alfredpay.io, interactive API documentation with a live testing tool, and SDKs for Shell, Node, Ruby, PHP, Python, Java, and C#. The company targets a 14-day production deployment timeline for new integrations.

Payment Rails and Geographic Coverage

Alfred integrates directly with the major real-time payment systems operating in Latin America:

• Brazil — PIX, the Central Bank of Brazil's instant payment system
• Mexico — SPEI, the Bank of Mexico's interbank transfer network
• Colombia — Bre-B, Colombia's immediate transfer system

As of June 2026, Alfred operates in 11 countries across Latin America across 13 local payment rails. Active markets include Mexico, Brazil, Colombia, Argentina, Peru, El Salvador, and the Dominican Republic, with stated expansion plans into Europe and parts of Asia.

The platform accepts deposits and payouts in Argentine pesos, Brazilian reals, Colombian pesos, Dominican pesos, Mexican pesos, Peruvian soles, US dollars, and additional currencies.

Stablecoin Infrastructure

Alfred supports USDC and USDT as settlement assets for cross-border transfers. The platform functions as blockchain-agnostic infrastructure, with the stablecoin layer abstracting underlying chain specifics from business customers. USDC — issued by Circle across multiple chains including Solana — is Alfred's primary stablecoin partner. Alfred is a Beneficiary Financial Institution on the Circle Payments Network (CPN), enabling stablecoin-to-fiat off-ramps through Brazil's PIX and Mexico's SPEI. Circle confirmed Alfred as one of the earliest CPN adopters when the network launched in 2025.

Customers and Use Cases

Alfred targets B2B customers: fintechs, crypto wallets and exchanges, trade and logistics companies, payroll platforms, and remittance operators. Primary use cases include US-to-LatAm remittance corridors, cross-border supplier payments for import/export businesses, payroll distribution in local currencies for remote teams, and stablecoin-to-fiat off-ramping for crypto-native platforms expanding into Latin American markets.

The company reported processing nearly four million transactions for over 2.5 million users as of early 2026.

Funding

In February 2026, Alfred closed a $15 million Series A round led by F-Prime Capital, the venture arm of Fidelity Investments. Brevan Howard Digital and White Star Capital also participated. Alfred said it would deploy the capital toward expanding direct fiat licensing into new markets, deepening local banking relationships for faster payouts, advancing compliance tooling, and upgrading infrastructure to support higher transaction volumes with 24/7 availability.

Partnerships and Integrations

Circle Payments Network: Alfred is a Beneficiary Financial Institution on Circle's cross-border stablecoin payment network, enabling direct fiat off-ramp connectivity through PIX in Brazil and SPEI in Mexico.

Fireblocks: Alfred is listed as an integration partner on the Fireblocks Network, allowing enterprise clients to connect to Alfred's LatAm corridors through the Fireblocks console or API.

Grupo Elektra: Alfred partnered with Mexico's largest money transmitter to deliver USDC-to-Mexican peso conversions to Grupo Elektra's customer network.

Borderless.xyz: In June 2026, Alfred joined as a Participating Financial Institution on the Borderless.xyz open stablecoin payment network, making its 11-country Latin American infrastructure available to all Borderless.xyz customers without additional onboarding.

Regulatory Licenses

Alfred holds payment licenses across its core markets: a Money Service Business registration in Florida, a Money Transmitter license and VASP registration in Mexico, a Digital Asset Provider registration in Colombia, a Payment Service Provider and VASP registration in Argentina, and a VASP and Bitcoin Service Provider license in El Salvador.

Team

Alfred's co-founders include Diego Yanez (CEO), Matias Plano, Luis Miller, Marino A Marrero B, and Ronald Johnson. The company employed approximately 35 people as of early 2026 and operates its payment infrastructure on a 24/7/365 basis.