Alfred

About Alfred

Alfred is a Miami-based fintech company that provides a payments infrastructure platform to bridge legacy payment systems with digital and crypto-based infrastructures across Latin America. Founded in 2022 by Diego Yanez, Matias Plano, Luis Miller, Marino A Marrero B, and Ronald Johnson, the company was born from firsthand experience with the complexities of cross-border payments. The initial venture, Alfred Pay, was a direct-to-consumer wallet funded by the Stellar Community Fund in 2021. However, facing high customer acquisition costs, the team pivoted to a B2B model, creating an "anchor-as-a-service" to provide on and off-ramp infrastructure for other fintechs.

The company's core offering is a single API that enables businesses, such as fintechs and regulated financial institutions, to access local payment methods across multiple Latin American countries without needing separate integrations for each market. This simplifies local and cross-border transactions, supporting use cases like collections, payouts, and remittances. Alfred's platform facilitates real-time settlement, often in under 72 seconds, by leveraging stablecoins like USDC for liquidity and conversion between digital assets and local fiat currencies. It also features embedded compliance tools and supports a network of 150,000 retail stores for cash-based crypto transactions for the unbanked.

Alfred operates on a B2B model, charging a small percentage of each transaction. Its clients are primarily wallets and exchanges that require efficient payment rails in Latin America. The company has established significant partnerships, including with Circle for payment execution and with Elektra, a large money transmitter in Mexico, to facilitate USDC to Mexican peso transactions. It also powers payments for Worldcoin in Argentina and Mexico. By June 2024, Alfred was processing approximately $40 million in monthly volume and had achieved profitability. In January 2026, the company announced a $15 million Series A funding round led by F-Prime Capital, Brevan Howard Digital, and White Star Capital to enhance its technology and expand operations. The company has payment rails in countries including Brazil, Argentina, Mexico, and Guatemala, with plans for full Latin American coverage by the end of 2025.