According to BlockBeats, fintech company Caliza has successfully raised $8.5 million in a funding round led by Initialized. Caliza offers an API and front-end payment system that utilizes crypto stablecoins, particularly Circle's USDC, and existing real-time payment networks to facilitate instant transfers. This service also provides international merchants with access to U.S. digital dollar accounts.
The startup has not disclosed its client list but mentioned that its customers primarily include banks or fintech companies aiming to enhance support for international transactions, as well as individuals needing remittance and payroll services. Currently, most of Caliza's ten-member team is based in Brazil. With the new funding, the company plans to double its workforce. Additionally, Caliza is advancing its previously announced local launch plans.