Announced
Completed
Financials
Sources
Tags
Cross Border
Friendly
Payments / Commerce
cryptocurrencies
Mexico
Minority
Private
Private Equity
Acquisition
Venture Capital
Completed
Synopsis
Kaszek Ventures and QED Investors, a venture capital firms, led a $62m Series B funding round in Bitso, a Mexico City-based cryptocurrency company. Existing shareholders Coinbase Ventures and Pantera Capital also joined the round. “Most cryptocurrency players are exchanges, but we are more than an exchange. Our mission is to make crypto useful. There is a big remittance flow of $36bn from the United States to Mexico, and we process over $1bn of that,” Daniel Vogel, Bitso Co-founder and CEO.
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