Lemon raises $16.3M funding round for cryptocurrency

LatamListLemon, an Argentine fintech, raised a $16.3M Series A funding round led by Kingsway Capital. Other investors include Valor Capital, Draper Associates, and Cadenza Ventures.

Lemon is a cryptocurrency and Bitcoin platform. The startup aims to digitalize the financial sector and democratize access to crypto in Latin America.

“Cryptocurrency is becoming increasingly popular in Latin America, and Lemon Cash is providing an important service by increasing access to crypto,” said Andrés Bilbao, co-founder of Rappi and angel investor in Lemon.

The platform currently has 60,000 people on the waiting list for an account and an accompanying ‘Lemon Card’. The card allows customers to use both their regional currency and cryptocurrency in day-to-day transactions.

Lemon will use the new funding to continue strengthening the company’s presence and making new hires to the Lemon team. 

Read more on Lemon.

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