Kira, a blockchain and AI-driven payment infrastructure provider, secured $6.7 million in seed funding to advance its expansion across Latin America.
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.
