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Lumx raises $3.4 million in a funding round led by Indicator Capital and CMT Digital to enhance product development and expand operations in Latin America.

Oct 19, 20258 days ago

Amount Raised

$3.4 Million

Rio de JaneiroFinanceCryptocurrencyBlockchainFintech

Investors

Allan SchmittCarlos SouzaChuk OkpalugoJoshua WeissArnold LeeCaf Ventures (Cafe)NomadBitsoAntlerHoney IslandCmt DigitalIndicator Capital

Description

Lumx has raised $3.4 million in a funding round led by Indicator Capital and CMT Digital. The proceeds will be used to enhance product development and expand operations. Established in 2022, Lumx is focused on building infrastructure for stablecoins in Latin America. Their technology connects traditional banking systems with digital assets, improving transaction efficiency.

Company Information

Company

Lumx

Location

Rio de Janeiro, Rio de Janeiro, Brazil

About

Lumx is a financial technology company specializing in blockchain infrastructure, particularly for stablecoin solutions. Established in 2022, it facilitates the integration of stablecoin-based solutions for banks, fintechs, and payment providers in Brazil and across Latin America. Lumx aims to modernize financial flows, enabling near-instant settlement and improving transaction efficiency. The company is committed to building compliant and secure infrastructure that meets regulatory standards while focusing on agility and global liquidity.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers