Investment

Bitso raises funds for its Latin American expansion

LatAm ListBitso, a cryptocurrency platform, raised an undisclosed amount from Ripple, along with Pantera Capital, Digital Currency Group, Jump Capital, and Coinbase

This funding will allow the Mexican startup to start expanding its operations across Latin America, specifically in Argentina and Brazil.

“This announcement comes at a strategic moment for Bitso, since we have decided to start our expansion throughout the region,” said Daniel Vogel, Bitso’s CEO. He added, “We believe technology has the power to transform lives all over the world, especially in Latin America. The region is ready to be disrupted and we want to do it with financial inclusion for everyone.”

“Bitso has established itself as a clear leader in Latin America and we are excited to be associated with them,” said Peter Johnson, Jump Capital’s Principal.

Read more on LAVCA.

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