Bitso, the most important cryptocurrency trade platform in Latin America, right now introduced a $250 million Collection C fairness spherical led by Tiger International and Coatue. Paradigm, BOND & Valor Capital Group additionally joined the spherical, along with current buyers QED, Pantera Capital, and Kaszek.
Funds will likely be used to boost Bitso’s platform, and help the launch of Bitso’s upcoming product providing; which is able to embrace a crypto derivatives platform and interest-bearing accounts.
The corporate helps customers in Mexico, Argentina, and now Brazil; and is the one trade to supply insurance coverage for his or her consumer’s funds. In January 2021, the Monetary Superintendence of Colombia introduced Bitso as one of many approved corporations of their sandbox and crypto pilot program.
“We’re proud to develop with the business and to proceed to make these highly effective monetary enablers obtainable to everybody. Final week we launched our retail operations in Brazil. This spherical will likely be used to increase our capabilities, our product providing and to proceed making crypto helpful throughout Latin America.”
– Bitso Co-Founder and CEO Daniel Voge
This Collection C follows Bitso’s $62M Series B funding spherical in December 2020.