Finally sharing our $4m seed round led by Lux Capital their first investment in Brazil.

This is just the beginning of our journey to build Magie as the trusted AI-agent for finance, starting with payments.

Brazil has a set of unique conditions that make it the perfect place for us to start: a large profit pool in retail banking, a favorable regulatory environment and a way to distribute it to millions through Whatsapp

Finally sharing our $4m seed round led by Lux Capital their first investment in Brazil.

This is just the beginning of our journey to build Magie as the trusted AI-agent for finance, starting with payments.

Brazil has a set of unique conditions that make it the perfect place for us to start: a large profit pool in retail banking, a favorable regulatory environment and a way to distribute it to millions through Whatsapp

https://techcrunch.com/2024/08/22/lux-capital-made-its-first-investment-in-brazil-a-4m-seed-for-ai-fintech-magie/

noice, congrats!

built on tradfi rails? or using stables?

Built on top of Pix, Brazil’s instant payment system (the largest in the world)

But the Brazilian Central Bank is deep into tokenization, it’s coming:

building /quidli 🦑, casting in /justinahn, daoing in /🍊 & /🟪

Built on top of Pix, Brazil’s instant payment system (the largest in the world)

But the Brazilian Central Bank is deep into tokenization, it’s coming: https://valorcapitalgroup.com/the-brazilian-central-bank-approach-to-tokenization-of-the-financial-system-and-our-views-about-how-this-ecosystem-will-evolve/

very cool!

and i'll have to read up more on pix too 🙏