Argentina-based cryptocurrency exchange Lemon has successfully raised $20 million in a Series B funding round to fuel its expansion across Latin America. The funding was led by U.S. investment firms F-Prime and ParaFi, with additional contributions from DRW Venture Capital, Endeavor Catalyst, and VanEck VC. Lemon, which currently serves over 5 million users, aims to extend its reach into Colombia, Mexico, and Chile, and plans to re-enter the Brazilian market. This follows its rapid growth in Peru, where it gained over a million customers and issued 150,000 credit cards within a year.
Lemon Secures $20M to Boost Latin American Expansion
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