Bogotá, Colombia -  [27 January 2026] -  Qash, a stablecoin-powered neobank helping Latin Americans access U.S. dollar financial services, today announced it has raised $1.5 million in seed funding led by Chaac Ventures, with participation from Antler VC.

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Qash enables individuals across Latin America to save, spend, and invest in U.S. dollars - providing a critical hedge against inflation and currency devaluation in the region. Over the past six months, the company has seen its transaction volume multiply by 35X, reflecting rapidly growing demand for dollar-denominated

financial services.

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Qash was founded by Boris Spiwak, Co-Founder and CEO, who was born and raised in Venezuela and witnessed firsthand the devastating effects of hyperinflation and currency collapse.

 

Growing up in Venezuela, I saw my family’s savings evaporate and entire communities lose trust in

their financial system. That experience was the primary inspiration for founding Qash. We’re building a modern neobank that gives Latin Americans access to stable, dollar-based financial services - something that should be a basic right, not a privilege.

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- Boris Spiwak, Co-Founder and CEO @ Qash

 

Qash leverages stablecoin infrastructure to deliver fast, low-cost, and accessible financial products. Momentum has accelerated further following the passage of the GENIUS Act, comprehensive U.S. stablecoin legislation signed into law in July 2025, which has significantly increased institutional confidence and adoption of stablecoins. Qash is capitalizing on this regulatory clarity as stablecoin usage continues to surge globally.

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Spiwak studied at Princeton University, a connection that played a key role in the round’s lead investor.

Chaac Ventures, which invests primarily in founders from the Princeton University ecosystem, led the round based on strong conviction in Qash’s mission and founding team.

 

Boris is mission-driven, technically sharp, and deeply connected to the problem he’s solving. Qash is tackling one of the most urgent financial challenges in Latin America, and the company’s rapid traction demonstrates both the scale of the opportunity and the strength of the execution.

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- Luke Armour, Founder and Managing Partner @ Chaac Ventures

 

Antler VC, a global early-stage venture capital firm, also participated in the round. The new capital will be used to expand Qash’s product offerings, grow its team, and accelerate user acquisition across key Latin American markets as demand for stable, dollar-based financial tools continues to grow.

 

About Qash

Qash is a stablecoin-powered neobank that helps Latin Americans access U.S. dollar financial services to protect their savings from inflation and currency devaluation. By leveraging blockchain infrastructure, Qash offers a faster, more inclusive alternative to traditional banking.

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About Chaac Ventures

Chaac Ventures is an early-stage venture capital firm investing primarily in founders from the Princeton University ecosystem.

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About Antler

Antler is a global early-stage venture capital firm that backs exceptional founders building the companies

of tomorrow.

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