Ruvo Raises $4.6M to Power Crypto-Pix Remittances Between Brazil and the U.S.

Ruvo, a fintech company created to transfer funds between Brazil and the United States, announced it has raised US$4.6 million in an initial funding round to develop its international payments infrastructure and expand access to dollars for Brazilian individuals and businesses. According to the company, this is the first solution to combine cryptocurrencies and Pix (Brazil’s instant payment system) for remittances between the two countries.

The funding round was led by 1confirmation, with participation from Coinbase Ventures, Rebel Fund, Blast, Neer Ventures, First Check Ventures, and Mission Street Capital, as well as angel investors from the Fintech and Web3 sectors. Ruvo is also backed by Y Combinator.

How does Ruvo work?

The company operates like a US dollar account, allowing Brazilians to receive payments, make transfers, spend, and invest as if they were in the United States. The platform integrates Pix, stablecoins, bank transfers (ACH/wire), and Visa into a single application.

According to Ruvo, the integration between crypto and Pix allows for faster settlement between the two countries, reducing intermediate steps compared to traditional remittances.

Before Ruvo, Brazilians receiving or transferring dollars typically needed multiple apps for international transfers, cryptocurrencies , currency exchange, and cards. The fintech company aims to consolidate these functions into a single experience.

“Brazilians and Americans should be able to transfer money between Brazil and the United States as easily as Pix, and even increase their wealth with financial tools that work globally,” said Alec Howard, co-founder and CEO of Ruvo.

Remittances in Brazil with cryptocurrencies

According to data cited by the company, more than 30 million Brazilians participate in international financial and cryptocurrency flows , moving around US$146 billion per year through service exports, remittances, and digital transfers.

Ruvo states that its users can receive US dollars and USDT from international employers and clients, convert between Brazilian reais and USDT, send funds between Brazil and the US using cryptocurrencies integrated with Pix, transfer funds between cryptocurrency wallets, spend US dollars with a Visa card, and make incoming and outgoing transactions through Pix. The company says that, starting in 2026, it plans to offer dollar-denominated yield options.

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