We’re excited to share that Lumx has raised $3.4 million in a new funding round led by Indicator Capital and CMT Digital, with participation from Honey Island, Antler, Bitso, Nomad, CAF Ventures (CAFE) and angel investors Arnold Lee, Joshua Weiss, Chuk Okpalugo, Carlos Souza, and Allan Schmitt.
The new funding will be directed toward expanding operations, accelerating product development, and further strengthening Lumx’s regulatory and compliance strategy, reinforcing its commitment to building a secure, transparent, and legally aligned infrastructure for stablecoins in Latin America.
A platform connecting financial institutions to stablecoin rails
Founded in 2022, Lumx has become a reference in financial technology and blockchain infrastructure in Brazil. The company enables banks, fintechs, and payment providers to integrate stablecoin-based solutions efficiently and securely.
“Blockchain will not be adopted at scale as long as it remains complex and inaccessible. Abstraction is the key to making this technology invisible, intuitive, and secure. Lumx excels at this. Its infrastructure securely, interoperably, and compliantly connects the real world to the cloud.”
— Derek Bittar, Cofounder at Indicator Capital
Its product supports major fiat currencies such as BRL, USDC, and USDT, orchestrating operations between fiat and digital assets for corporate clients, with a focus on agility, compliance, and global liquidity.
While traditional international transfer systems like SWIFT remain slow, bureaucratic, and costly for banks and businesses, stablecoins are playing an increasingly important role in modernizing these flows. By enabling near-instant settlement, drastically reducing fees, and simplifying outdated processes, stablecoins allow financial institutions to operate with greater predictability and competitiveness.
It is in this context that Lumx’s infrastructure stands out, providing the technological foundation for major players to transition from legacy models to a more agile, secure environment that meets regulatory requirements.
Where we go from here
With this capital, we’ll continue developing technology that abstracts the complexity of blockchain, making it invisible to the end-user, but fully auditable and secure under the hood.
“The whole world is watching the transformation driven by stablecoins and how they are redefining payments and financial infrastructure. Here in Latin America, it’s no different: we are building world-class technology with standards that engage directly with regulators and institutions to ensure security, efficiency, and real economic impact.”
— Caio Barbosa, Co-CEO of Lumx
We’ll expand our integrations with banks and fintechs across the region, strengthen our dialogue with regulators, and remain laser-focused on stablecoin infrastructure that’s built to last.
Our team will stay lean (around 30 people), but highly specialized and autonomous. We’re not scaling for size, we’re scaling for impact. That means empowering every member of the team to move fast, take ownership, and keep pushing forward the culture of trust, innovation, and agility that defines Lumx.
Strategic next steps
In the months ahead, we’ll keep building bridges between financial institutions and this new stablecoin-native infrastructure. We’ll work side-by-side with partners to clarify use cases, security models, and compliance frameworks, and ensure that every integration adds real value.
“Brazil is going through a moment of defining new regulatory frameworks for the stablecoin and digital assets market. Connecting major financial institutions to this ecosystem means integrating technology while ensuring governance and compliance at the highest standards.”
— Gabriel Polverelli, Co-founder of Lumx
We’re also focused on helping more institutions take their first step. For many, this means understanding not just the “how” of stablecoins, but the “why”, and what it means to move from traditional systems to programmable money with global reach.
Through it all, we remain committed to the values that brought us here: regulatory alignment, transparency, and credible innovation.
We’re grateful for the support of every partner, client, and regulator who has helped us reach this point — and for those who will join us on the road ahead.
About Lumx
Lumx offers stablecoin APIs for B2B payments in Latin America, including on/off-ramps, virtual accounts, wallets, and instant settlement. Its technology connects companies with banks and blockchain at scale, combining innovation with regulatory security.
About CMT Digital
CMT Digital is a venture capital firm specializing in investments in blockchain ecosystem companies, backed by CMT Group, one of the most sophisticated and diversified groups in the global financial universe. Founded in 2017, CMT Digital was one of the first to direct capital to the digital asset ecosystem, with over 150 investments to date. Supported companies include recognized names such as Circle, FalconX, Dapper Labs, ConsenSys, and BlockFi, key players in digital finance and blockchain infrastructure.
About Indicator Capital
Founded in 2014, Indicator Capital is a venture capital firm at the forefront of deep tech. We specialize in smart and connected technologies across infrastructure, hardware, and software, enabling the global adoption of AI, IoT, and digital transformation at scale.
With US$70 million in assets under management, Indicator manages the largest dedicated fund for smart and connected technologies in Latin America. Our position is reinforced by the trust of world-class LPs such as BNDES, Qualcomm Ventures, Lenovo, Motorola, Grupo Multi, Telefónica, and Banco do Brasil.
From offices in São Paulo and California, we back early-stage founders building the next generation of intelligent, connected systems, bridging Latin American innovation with global markets.
As an equal GP partnership, we work side by side with entrepreneurs through our proprietary Building Value Together® methodology, providing not only capital but also hands-on support, strategic networks, and operational expertise.
At Indicator Capital, we believe the AI Cambrian period is just beginning, and smart and connected technologies form its foundation. Our mission is to boost deep tech heroes.
https://indicator.capital
