Blockchain Firm Kira Secures $6.7M for Latin America Expansion

Kira secured $6.7 million in seed funding to expand payment infrastructure across Latin America, emphasizing stablecoins and AI integrations. Key investors include Blockchange Ventures and Stellar Blockchain, with initial rollouts planned in Mexico and Colombia.

Kira, a blockchain and AI-driven payment infrastructure provider, secured $6.7 million in seed funding to advance its expansion across Latin America. This funding round was led by Blockchange Ventures, with involvement from Vamos Ventures and Stellar Blockchain.

Expansion Strategy

Kira, co-founded by Edrizio De La Cruz, aims to build modern financial infrastructure. De La Cruz previously founded Arcus, acquired by Mastercard. Kira’s investment ambitions focus on developing stablecoin-based, AI-driven payment solutions across Latin America.

Latin American Market Presence

The recent funding is intended to foster Kira’s presence in Latin American markets. Initial operations will begin in Colombia, supported by technical teams in Mexico and Miami, enhancing the regional financial landscape.

Payment Solutions and Technology Integration

Kira’s integration with the Stellar blockchain facilitates low-cost and expedited payment services. This initiative seeks to influence the market dynamics for blockchain-based payment systems in developing regions.

Kira’s plans to leverage AI and stablecoins for financial inclusion may generate growth in stablecoin usage and blockchain applications, offering potential technological and financial advancements in underbanked communities.

“This round will allow us to accelerate the construction of the infrastructure Latin America needs to compete in the global digital economy. Our vision is that a company in Mexico City, Bogotá, or Lima can move money as easily and quickly as in New York or London,” — Edrizio De La Cruz, CEO & Co-founder, Kira.