With investors expecting a Latin American cryptocurrency boom, Mexico’s Bitso raises $62 million

With investors expecting a Latin American cryptocurrency boom, Mexico’s Bitso raises $62 million

3 years ago
Anonymous $y15ULlV7sG

https://techcrunch.com/2020/12/09/with-investors-expecting-a-latin-american-cryptocurrency-boom-mexicos-bitso-raises-62-million/

Six years after the launch of the Mexico-based crypotcurrency exchange and financial services platform Bitso the company revealed it has closed on $62 million in financing to capitalize on the cryptocurrency boom investors expect to hit Latin America. 

The three major cryptocurrencies are all trading up in the waning months of 2020, with Bitcoin prices nearing (or exceeding) record highs. The global growth of these digital currencies and their applications in emerging markets have savvy financial services investors like the firm QED Investors (founded by the masterminds behind Capital One) intrigued. Which is why the firm joined the Latin American heavyweight investor Kaszek Ventures in financing Bitso’s $62 million round.

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