Brazilian fintech Vixtra has raised BRL50mn ($9.63mn) in a Series A round led by Valor Capital, the company said in a press release, with participation from Headline, NXTP, Actyus, Blustone, Simma Capital and angel investors.

The firm, which provides trade finance solutions for importers, said the capital will be used to expand its integrated trade banking platform combining credit, foreign exchange and technology tools aimed at streamlining import operations.

A key development priority is a stablecoin-based infrastructure designed for use in payments and credit flows.

“In foreign trade, stablecoins can play a role similar to the revolution that Pix brought to domestic payments, opening a new horizon of trade finance solutions with new products, greater efficiency, and expanded competitive advantages. It would be like the importer's Pix,” said Leonardo Baltieri, co-chief executive of Vixtra.

The company also said artificial intelligence is embedded in its underwriting and operations systems, supporting credit decisions and process automation.

Vixtra said it has grown 2.5 times in the past year, surpassed $12mn in annual recurring revenue and manages more than BRL250mn in credit exposure.