alfred
Alfred
Data verified on unchanged since the sources
Worth it if you operate in Latin America and want a single API for on/off-ramp, virtual accounts and transfers across 11 countries and 13 payment rails.
Avoid it if you're a consumer or want public transparency on funding and maturity: this is B2B infrastructure from a still-young company.
alfred is a Miami-based fintech offering "last-mile" payments infrastructure for Latin America, bridging stablecoins and local banking systems across 11 countries via 13 payment rails. Its Penny API exposes a single interface for KYC/KYB onboarding, fiat-stablecoin conversion, on/off-ramp transactions, virtual accounts and fiat-to-fiat transfers, letting businesses offer international payments with real-time settlement and transparent FX without building infrastructure from scratch. Founded in 2022.
Data & conditions
| Service type | Stablecoin infrastructure |
|---|---|
| Pricing model | Per transaction |
| Stablecoins | USDC, USDT |
| Customer type | Fintech, Developers, Platforms, Enterprise |
| Fund custody | Custodial (platform holds funds) |
| Supported countries | LATAM, US |
| Segment | B2B |
| MiCA / License status | Not disclosed |
Strengths
- Deep Latin America coverage (11 countries, 13 payment rails) bridging stablecoins and local banking.
- Single API (Penny) for onboarding, on/off-ramp, virtual accounts and transfers with real-time settlement.
- No notable sovereignty advantage documented.
Weaknesses
- B2B infrastructure: aimed at fintechs and platforms, not a consumer account.
- Relatively young company with limited public disclosure on funding and maturity.
- Custodial: the platform holds your funds and can freeze or lose them.
Verdict
Score 3.4/5, solid profile. In its favour: deep Latin America coverage (11 countries, 13 payment rails) bridging stablecoins and local banking. The trade-off to weigh: b2B infrastructure: aimed at fintechs and platforms, not a consumer account.
On the Sovereignty lens the score is 0.0/5 (weak): the strength is fund control (0.0/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Can an individual use alfred?
No. alfred is B2B payments infrastructure: end users may encounter it indirectly in apps that integrate it, but it is not a standalone consumer product.
Does alfred custody funds?
As on/off-ramp and virtual-account infrastructure it processes fiat and stablecoin funds in transit as part of transactions; check terms and licensing on the official website.
Sources
- Official service page Data verified on Jul 17, 2026
- crunchbase.com Fondazione · Founders Data verified on Jul 17, 2026
- newsroom.submitmypressrelease.com Data verified on Jul 17, 2026