Belo, an Argentine cryptocurrency wallet and services provider, has secured $14 million in a Series A funding round led by Tether, the largest stablecoin issuer. This investment, which significantly surpasses Belo's $3 million seed round in 2022, underscores the growing interest in Latin America's crypto market.
The funds will be used to expand Belo's operations into six new Latin American countries, including Mexico, Chile, and Colombia, while strengthening its presence in Brazil. Belo's CEO, Manuel Beaudroit, emphasized the company's profitable track record and the strategic alignment with Tether to enhance financial infrastructure in the region. The round also saw participation from Titan Fund, The Venture City, and others, highlighting investor confidence in Belo's growth potential.
Tether Leads $14M Series A Funding for Argentine Crypto Wallet Belo
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