El Dorado, a Latin American fintech focused on cross-border financial services, raised a $9M Series A round led by Paradigm, with participation from Coinbase Ventures and Verda Ventures.
Dorado provides financial infrastructure that helps individuals and businesses move money across borders. El Dorado Business uses stablecoins through Tempo’s infrastructure to offer real-time settlement and multiuser accounts for international transactions.
The funding will support the expansion of its financial infrastructure across Latin America and the launch of El Dorado Business, a platform for companies managing international payments.
El Dorado operates in 12 countries, serves more than 100,000 active users, and has processed more than five million transactions.
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