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Digital Currency Group Leads The $50M Series B Financing Of Latin American Crypto Company Ripio
Summary: The Latin American cryptocurrency company Ripio announced on Monday that it has raised $50 million in Series B financing. Blockchain investment company Digital Currency Group (DCG) led the investment, other new and existing investors include Tim Draper, San Mateo incubator Boost VC, Amlo VC, Mercado Libre founder & CEO Marcos Galperin, software company Globant founder ...
The Latin American cryptocurrency company Ripio announced on Monday that it has raised $50 million in Series B financing. Blockchain investment company Digital Currency Group (DCG) led the investment, other new and existing investors include Tim Draper, San Mateo incubator Boost VC, Amlo VC, Mercado Libre founder & CEO Marcos Galperin, software company Globant founder & CEO Martín Migoya.
Founded in 2013, Ripio has established partnerships with Mercado Pago, Visa, and Circle. According to the company, Ripio currently operates in Argentina and Brazil, and its total number of users has reached 2 million. The company stated that the new funds will mainly be used to open operations in Colombia, Mexico, and Uruguay in 2021, and expand to Spain in the first quarter of 2022.
By Mary Liu
Tags: Digital Currency Group,Ripio,San Mateo,Tim Draper
Link: Digital Currency Group Leads The $50M Series B Financing Of Latin American Crypto Company Ripio [Copy]
