Diego Yanez's alfred, an SCF-funded anchor-as-a-service platform for Latin America, evolved from a consumer wallet into a B2B infrastructure provider enabling businesses to access liquidity in local currencies and digital assets on Stellar. The article showcases how SCF support enabled alfred to pivot strategically and raise $3.5M in additional funding.
This article profiles Diego Yanez and alfred, a Stellar-based project that received funding from the Stellar Community Fund in rounds 9 and 19. Alfred started as Alfred Pay, a non-custodial wallet, but pivoted to become an anchor-as-a-service provider offering on and off-ramp infrastructure and payment facilitation for fintechs and financial institutions across Latin America. The platform uses stablecoins to enable real-time settlements and liquidity access across emerging markets. Diego credits SCF's early support as instrumental in validating the project and providing access to the Stellar community, which enabled the strategic pivot. Since the SCF awards, alfred has raised $3.5M in post-SCF funding. The article emphasizes the importance of grit and conviction in entrepreneurship, with Diego highlighting that community and ecosystem support were as valuable as the funding itself.
