Galactic Holdings, a crypto startup based in Latin America, raised a $10M Pre-Series A bridge round led by BAI Capital. Y2Z Ventures, Longling Capital, Head & Shoulders, TKX Digital Group, Perseverance Capital, and Palm Drive Capital also participated.
The funds will be used to increase their presence in México and expand to Argentina, Brazil, Colombia, and Venezuela.
“With the rapid growth of cryptocurrencies in LatAm, our intention is to build a solid infrastructure to facilitate their adoption from more people,” said Galactic Holdings’ CEO and Cofounder, Maggie Wu.
Galactic Holdings offers crypto-finance solutions for its clients such as digital wallets, a comprehensive crypto exchange, and the stablecoin Moneta Digital that tracks the price of the Mexican peso.
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