Mexican cryptocurrency trading platform Bitso has raised $250 million during a series C investment round, venture capital fund Cometa said. Cometa is a major investor in Bitso.
“Bitso becomes the first fintech in Mexico to reach a valuation of more than $1.0 billion in the market,” said Cometa
Bitso operates in Mexico, Argentina and Brazil, and is developing alternative uses for cryptocurrencies, such as sending remittances.
The funds raised represent 9% of Bitso’s equity, valuing the firm at about $2.2 billion, Cometa said.
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