Kaszek Ventures and QED Investors led a $62m Series B funding round in Bitso.

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.