Wayra, Telefónica’s open innovation program, has made a strategic investment in the fintech startup GrabrFi. Presently, GrabrFi is operational in 14 countries and reported $45 million in transaction volumes in 2023.
The investment forms part of a €2 million funding round aimed at propelling GrabrFi’s growth, with a particular focus on Latin America—a region where the neobank is experiencing significant traction. This round is also intended to ensure scalable growth while continuing to offer customers compliance and security.
Gokul Rajaram, a board member of Pinterest, Doordash, and Coinbase, led the funding round, attracting participation from other notable investors, including Kintxo Cortés, Bruno Grandi, Dídac Lee, and Manuel Matés.
Marta Antúnez, Director of Wayra in Barcelona, expressed that “the future of work demands fintech solutions like GrabrFi, which enable remote workers, freelancers, or digital nomads to securely, swiftly, and conveniently manage and operate in dollars from anywhere in the world.” She further indicated Wayra’s potential as a strategic partner for GrabrFi in Latin America.
Artem Fedyaev, Founder and CEO of GrabrFi, shared his enthusiasm for Wayra’s support, emphasizing its role in accelerating their mission to connect and transform opportunities within Latin America.
Wayra is set to participate once again in ‘Four Years From Now’ (4YFN), a key event for the entrepreneurial ecosystem running parallel to the Mobile World Congress in Barcelona from February 26 to 29. This engagement underscores Wayra’s commitment to fostering innovation and supporting fintech solutions that address the evolving needs of the global workforce.
