"Belo's recent $14 million funding round, led by Tether, marks a significant increase from its previous $3 million seed round, showcasing the growing investor confidence in the Latin American crypto market."
"Manuel Beaudroit, CEO of Belo, emphasized that the funds will facilitate expansion into key markets such as Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, while also enhancing adoption in Brazil."
Belo, an Argentine cryptocurrency wallet and services provider, secured $14 million in a Series A funding round led by Tether. This funding significantly surpasses the $3 million raised in its 2022 seed round. The investment reflects growing interest in the Latin American crypto market. Belo plans to use the funds to expand into Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, while also increasing its presence in Brazil among freelancers and remote workers. The company has operated profitably for three years, indicating strong market demand.
Read at news.bitcoin.com
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