Ruvo

Active

The Global Dollar App for Brazil

Summer 2025Founded 20256 peopleSão Paulo, SP, Brazil

ruvo.com/ ↗LinkedIn ↗X ↗Crunchbase ↗See on the Idea Map Fintech momentum

About

Ruvo is a global account for receiving, holding, and moving money between USD and BRL. We connect Pix, crypto, and Visa so you can receive USD from abroad, convert between USD and BRL in minutes, send money to the U.S., spend worldwide, and save in digital dollars with yield — all in one place. Ruvo supports both personal (CPF) and business (CNPJ) accounts, with low fees, strong security, and direct Pix settlement. Formerly known as Cacao.

From their website

as of Jun 7, 2026ruvo.com ↗

SaaSSubscription

Ruvo is a global account solution for Brazilians that enables receiving USD, converting between BRL, USD and USDT via Pix, sending USD internationally, and spending worldwide with a Ruvo card. It emphasizes IOF-free transactions and real-time, market-based rates, with a non-custodial wallet connected to crypto and Visa acceptance.

Ruvo provides a connected wallet that supports receiving USD into a virtual U.S. account, converting BRL ⇄ USDT ⇄ USD in real time, adding BRL via Pix, and spending or sending USD with a Ruvo card that works globally. The platform integrates Pix (BRL), USDT transfers, and Visa payments, enabling non-custodial management of funds, instant crypto transfers, and IOF-free conversions and spending across borders.

Who it’s for: Individuals (freelancers, travelers) and businesses (CNPJs) in Brazil that receive international payments and want to hold, convert, and spend USD globally, with optional crypto integration.

Features

receive USD from abroad
instant BRL↔USDT↔USD conversions
IOF-free transactions
Pix-based BRL top ups
non-custodial wallet with crypto access
international card spending (Visa) in USD
send USD internationally

Careers/Jobs mention in site navigation; mentions of regulated partners and compliance; user stories/testimonials indicating traction

Founders · 2

Alec HowardCo-Founder & CEO

Uber

Co-Founder and CEO of Ruvo (formerly Cacao). Ex-Uber & previous Head of Marketing at Gauntlet AI (Lambda School, YC S17)

LinkedIn ↗X ↗

Michael MasonFounder

Co-Founder & CTO of Ruvo. Previous Co-Founder & head of Product & Engineering at Mercato.

LinkedIn ↗

Launch

Launched on Y Combinator · Aug 2025

View launch post ↗

Get paid in USD or stablecoins, spend with a Visa card, and withdraw to Pix

Cacao launches a mobile app that lets Brazilians receive USD or USDT from abroad, store in a stablecoin wallet, and instantly convert to BRL via Pix, plus spend in USD with a Visa card. It targets freelancers, remote workers, creators, and remittance recipients seeking faster, cheaper, cross-border money movement to Brazil.