Blockchain.com announced it would acquire the Argentinian crypto fintech SeSocio.com for $120 million. Blockchain is one of the leading cryptocurrency companies in the world, and this is according to Forbes the largest acquisition of a Latin American crypto company to this date.
This deal aims to accelerate the growth of digital finance and the adoption of cryptocurrencies in LatAm. This region still has over 200 million unbanked people, and this acquisition presents an opportunity to offer them easy and secure access to financial services. SeSocio.com was founded by Guido Quaranta (CEO) and Gaston Krasny (CTO) in Argentina as a marketplace for investment and financing that specializes in cryptocurrency.
According to Guido Quaranta, “We are very proud of what we have been able to build in the regional market and the growth we achieved as a business so far”. He also stated the following: “I am confident that SeSocio will thrive in this next chapter of our journey. Together with Blockchain.com we will pioneer a new era of massive access to the crypto world in Latin America and the world.”
With this deal, Blockchain.com will incorporate over 100 professionals that are currently part of SeSocio.com
Learn more about this purchase in Forbes Argentina.