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Latin American crypto exchange Bitso hits $2.2bn valuation

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Latin American crypto exchange Bitso hits $2.2bn valuation
3 hours ago
Latin America's largest cryptocurrency platform, Bitso, has hit a $2.2 billion valuation off the back of a $250 million Series C equity round led by Tiger Global and Coatue.
Paradigm, Bond & Valor Capital Group, QED, Pantera Capital, and Kaszek joined the round for Bitso, which offers a crypto trading app for retail investors as well as a professional-grade platform.
Founded in 2014 in Mexico, Bitso already claims more than two million users, with a strong presence in its home market as well as Argentina. Last week its retail platform arrived in Brazil and the firm is planning to move into more countries, including Colombia, over the next few months.

Mexico , Colombia , United-states , Argentina , Brazil , America , Daniel-vogel , Bond-valor-capital-group , Latin-america , Tiger-global , Valor-capital-group , Pantera-capital

Bitso raises $250m to take the lead in crypto in Latin America

Bitso raises $250m to take the lead in crypto in Latin America
Image: © fox17/Stock.adobe.com
The round values the Mexican company at $2.2bn. It was co-led by Tiger Global, which has been ramping up its investment pace of late.
Investor cash keeps flowing into cryptocurrency start-ups, with exchange Bitso securing $250m in a round co-led by Tiger Global Management.
The significant round of funding for Bitso comes just five months after the start-up’s $62m Series B. The Mexican company is now valued at $2.2bn.
Coatue also led the round with participation from Paradigm, Bond & Valor Capital Group, QED, Pantera Capital and Kaszek.

Mexico , Colombia , United-states , Argentina , Brazil , Mexican , America , American , Daniel-vogel , Bond-valor-capital-group , Tiger-global , Valor-capital-group