Bitcoin Boom Town: Mexican Bitcoin Exchange Bitso Secures $2.5 Million Investment Round
Mexican cryptocurrency exchange Bitso has closed a $2.5 million round of investment. The exchange announced it had closed the round of Series A1 financing earlier this week. Investors include US-based Digital Currency Group (DCG) and Mexico-based firms Monex, Variv Capital, and Xochi Ventures. In a press release about the funding round, DCG’s founder and CEO Barry Silbert announced the reason Bitso was chosen for the investment: “We have supported Bitso since their inception as they have built some of the most advanced exchange technology for digital assets and created partnerships that....
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Mexican bitcoin exchange Bitso has secured a seed-funding round led by Barry Silbert's Digital Currency group which was participated in by Mexico-based angel investors.With the new financing, Bitso plans to expand its team in Mexico and aggressively push its project to use bitcoin for cross-border payments across South America. Since the majority of the population has no access to bank accounts or credit cards, Bitso aims to provide the nation with a cheaper yet robust mobile payment platform by connecting its bitcoin exchange with Transfer. Transfer is a lightweight banking initiative....
The Latin American exchange has raised $62 million in a Series B funding round led by the investment funds Kaszek Ventures and QED Investors. Bitso, the biggest crypto exchange in Latin America, has raised $62 million dollars in a series B funding round.Bitso plans to use the funding to consolidate its expansion in the region — including a focus on Brazil's emerging market. The fundraising round for the Mexican exchange was led by the investment funds Kaszek Ventures and QED Investors. QED's co-founder Nigel Morris and Kaszek's managing director Nicolas Szekasy will also join Bitso's board....
The Mexican bitcoin exchange Bitso which was recently in news for the acquisition of its competitor Unisend Mexico has emerged much stronger in the Mexican bitcoin market with the closure of its seed funding round. The company has raised money from Bitcoin Opportunity Corp., an investment fund backed by well-known entrepreneur and Bitcoin investor Barry Silbert. Few undisclosed angel investors have also invested in Bitso along with Bitcoin Opportunity Corp. The potential for bitcoin market in Mexico is huge with estimated inward remittance of over $22 billion in the year in 2013 alone.....
Bitso, the first Mexican exchange, opens for trading tomorrow. Currently this is the only local platform on which to exchange bitcoins for Mexican Pesos. Interested parties will be able to register at bitso.com. The company emphasises that its platform has been designed with ease of use and power in mind. The company already has over 1,000 pre-registered users. It expects these parties to gradually begin using the new exchange platform from tomorrow. It is expected that trading activity will increase as participants become more comfortable with the exchange and the company, and as they get....
Mexico’s first Bitcoin exchange, Bitso, announced that it has raised $2.5 million in venture capital. The company, founded in 2014, has now raised a total of $4.35 million, becoming the dominant cryptocurrency provider in the Latin American region. Mexico’s First Bitcoin Exchange Bitso Raises $2.5M in Series A Funding. Bitso was the first exchange that....