Parfin Insights

Parfin raises $1.3 million in seed funding led by Valor Capital Group

Date: 07/02/2024

Parfin (www.parfin.io), a Fintech start-up offering an enterprise platform to connect traditional and digital finance, announced today a US$ 1.3 million seed funding round led by Valor Capital Group. Other investors include Alexia Ventures, Vortx and angel investors.

Parfin offers a software platform that enables financial institutions, asset managers, family offices and investors to securely manage and operate a portfolio of digital assets. The platform helps clients to improve the governance, security and scalability of their digital asset operations.

“We are very excited with the launch of our platform and excellent traction we are getting with clients. The timing couldn’t be better given the recent attention that institutions are giving to crypto. We have a strong conviction that the upcoming world of digital assets will disrupt financial markets and we are building the foundational infrastructure to support this transformation. This funding round will allow us to extend the functionalities of our world-class solution and support future requirements from our clients”, says Marcos Viriato, co-founder and CEO at Parfin.

“The inefficiencies of the market exposes participants to security and operational risks. The solutions created by Parfin improve capital allocation and operational efficiency, creating a consolidated management view, with high level of operational security”, says Michael Nicklas, Managing Partner at Valor Capital Group.

With headquarters in London and a strong presence in Brazil, the company is releasing the platform this month, aiming to become a leader in the digital asset space in Latin America and Europe.

ABOUT PARFIN

Founded in London in 2019 by 3 entrepreneurs from Brazil and Chile, Parfin is an enterprise grade platform delivering a secure infrastructure for managing and operating digital assets and traditional currencies. Parfin allows institutional clients to seamlessly connect digital asset exchanges, custodians and banks into a unified platform. The platform helps clients improve the governance, security and scalability of their operations. For more information, please visit www.parfin.io.

ABOUT VALOR CAPITAL GROUP

Valor Capital Group is a pioneering investment company focused on business opportunities between the United States and Brazil, with presence in New York, Silicon Valley, Rio de Janeiro and São Paulo. Founded in 2011, the company operates in two investment strategies: Growth Equity and Venture Capital, always seeking partnerships with visionary entrepreneurs who build transformative businesses, from startup to scale-up. Valor is committed to the success of its portfolio companies, providing capital, operational support and connectivity to global markets.

ABOUT ALEXIA VENTURES

Alexia Ventures is an early-stage (series A) value-add investor for top entrepreneurs from Brazil and Latin America. Alexia Ventures focuses in disruptive business models that are driven by software platforms and data / artificial intelligence technologies (A.I.). Alexia Ventures believes that the best founders from Latin America are as good as the top founders around the world — and can create companies that are global technology leaders.

ABOUT VORTX

Vórtx is a fully independent company specializing in providing infrastructure for Capital Markets, focused on technology, transparency, service, and know-how. We offer all back-office services required by Brazilian law for portfolio managers, issuers and investors, so that they can worry about what matters: make investors and clients to maximize their investments.

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