Argentinian company Takenos has closed a USD 5 million investment round co-led by Variant and Lattice, US funds in the cryptocurrency sector from Silicon Valley and New York.
Founded in 2022 by Lucas Posada, Joaquín Herrera, Francisco Gour, and Simon Bouche. Takenos allows users to trade multiple assetseliminating the friction inherent in international trade.
The service provides clients with a digital account that allows them to receive balances in dollars and euros, transfer stablecoins Tether (USDT) and USDC coins (USDC), pay in Brazilian reals, and withdraw funds in Argentine pesos.
Commenting on the recent funding, Posada, the company's co-founder, said: “This round is an important validation of our theory that it is possible to build robust financial technologies tailored to the region's unique challenges from Latin America.” “This represents one of the most important seed rounds of the year for Latin American startups.”
He added: “This capital will enable us to accelerate the development of tools that help people move money, better allocate resources and protect value, even in the face of geographic, currency and regulatory barriers.”
“In Latin America, there is still no real bridge between the money circulating around the world and people's daily lives. The technological infrastructure already exists, but it does not extend to everyday life. “What we are building is not just a wallet, but a way to use money across borders, without friction or complexity.”
Lucas Posada, co-founder of Takenos.
In addition to variants and lattices, The round included funds from North Island Ventures, Reverie, Refract VC, Gumi Cryptos Capital, Nascent, and Polaris.and also includes angel investors such as Chuk Okpalugo and Ivan Soto-Wright, founder and CEO of MoonPay.
In the past three years, Takenos expands presence to over 20 countries It has already managed over USD 500 million in transactions. The company is currently focused on expanding in Bolivia as part of its expansion plans in Latin America.
The company maintains strategic alliances with companies such as Mastercard, Visa, Fireblocks, Bridge, Rain, and Coinflow.
International funds' interest in Latin American technology companies is also reflected in cases such as Lemon, which recently completed a US$20 million Series B funding round with the aim of expanding its presence in the region, as reported by CriptoNoticias.
