Latin American stablecoin finance platform Takenos completes $7 million seed extension funding

According to a TechFlow report on Nov. 6, per a Takenos announcement, the Latin American stablecoin finance platform Takenos announced on Nov. 4 that it has completed a $7 million seed extension round, led by North Island Ventures and Road Capital Management, with participation from existing investors Variant, Lattice, and Reverie. The round brings the company's total funding to $12 million.

Takenos said the new capital will support its expansion to more than 15 Latin American countries by 2027, including obtaining local licenses, building payment infrastructure, scaling its enterprise API business, launching new products, and hiring. The company currently operates in six Latin American countries and processes more than $5 billion in annual transaction volume.

Source: TechFlow