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Ruvo
Ruvo (formerly Cacao) is a fintech company offering a global account, card, and app that lets users in Brazil and beyond receive, hold, convert, and spend money across BRL, USD, digital dollars, and crypto with no IOF tax and transparent market exchange rates. It serves both individuals and businesses who need to receive international payments and move money across borders quickly and cheaply.
Distributed
Description
Ruvo provides a global financial account combining money, cards, investments, and a non-custodial wallet, allowing users to receive dollars for free, convert between BRL, USD, digital dollars, and crypto at real market rates with no markups, and send funds via Pix, US bank transfer, or crypto wallet in minutes rather than days. Its dollar-denominated card can be used anywhere Visa is accepted, added to Apple Pay or Google Pay, with 0% IOF and no FX markup on dollar purchases. The platform emphasizes security through regulated banking and payment partners, non-custodial wallets, end-to-end encryption, multi-factor authentication, and compliance with LGPD, using licensed partners such as Persona and Rain. Ruvo serves both personal and business clients in Brazil and the US: individuals who want to receive dollar payments and convert/spend across currencies without high fees, and businesses that need to receive global payments and reconcile funds in USD without IOF. The company, backed by investors including 1confirmation and Coinbase Ventures and a Y Combinator alum, was founded by ex-Uber employees and is described as a fintech facilitating dollar-Brazil money movement.Grant Funding
VC Funding
None
2026
$0
$4.6M