July 2, 2022

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Crypto Wallet Belo Raised $3 Million To Continue Expansion In Latam

Crypto Wallet Belo Raised $3 Million To Continue Expansion In Latam

beautyThe Argentine cryptocurrency wallet announced that it has received an investment of 3 million US dollars, which will support its expansion in Latin American countries, in addition to adding talent, launching new solutions targeting businesses and companies, investing in the development of new jobs, improving brand positioning and marketing strategy.

Led the seed series tour: CRV, The Venture city, Newtopia, Latitude, Liquid 2, Infinity Ventures Crypto, Magma Partners and Sur VC.

“We are very excited about this investment round, which reflects the confidence in the development of cryptocurrency in Argentina and all of Latin America. Our goal is to improve the user experience, because people are the main focus of our brand. At Belo, we have experienced solid growth since we launched the app in September 2021, enabling It shows the growing interest of people in the crypto world and our products,” says Manuel Beaurouet, CEO and Co-Founder of Belo.

The digital wallet was born as a solution to exchange Argentine peso for cryptocurrency. It was launched in 2021 and is the first Argentine fintech company to offer a prepaid Mastercard, which allows you to pay in stores directly using cryptocurrency.

Belo expects to add 1,000 million users worldwide in the long term. Its platform is designed to be interoperable between local currencies and cryptocurrencies, in a simple and intuitive way.

“We are interested in more people who are unable to access high-quality financial services so that we can take advantage of what decentralized finance has to offer, and in this way take advantage of the potential that cryptocurrencies have in their daily lives. The use of cryptocurrencies is expanding rapidly, especially among users who find themselves excluded from the traditional financial system.”

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