Takenos allows users to send and receive stablecoins, as well as make payments in fiat currency.
Currently the firm focuses its expansion in Bolivia, within its strategy in Latin America.
The Argentine company Takenos closed an investment round of 5 million dollars (USD), co-led by the American funds Variant and Lattice, belonging to the cryptocurrency sector in Silicon Valley and New York.
Founded in 2022 by Lucas Posada, Joaquín Herrera, Francisco Goulu and Simón Bouche, Takenos allows users to trade multiple assetseliminating the friction inherent in international transactions.
The service offers clients a digital account from which they can receive balance in dollars and euros, send and receive cryptocurrencies such as tether (USDT) and USDC coin (USDC), make payments in Brazilian reals and withdraw funds in Argentine pesos, among other functionalities.
Posada, co-founder of the company, commented on the recent fundraising: «This round is an important validation of our thesis, according to which it is possible to build, from Latin America, robust financial technology aligned with the specific challenges of the region. “It represents one of the most important seed rounds of the year for a South American startup.”
He also added: “This capital allows us to accelerate the development of tools that help people move their money, better allocate their resources and safeguard value, even in the face of geographic, exchange or regulatory barriers.”
«In Latin America there is still no real bridge between the money that circulates globally and people’s daily lives. The technological infrastructure already exists, but it does not reach day to day. “What we are building is not just another wallet, but a way to use money across borders, without friction or complexity.”
Lucas Posada, co-founder of Takenos.
In addition to Variant and Lattice, The round included funds North Island Ventures, Reverie, Refract VC, Gumi Cryptos Capital, Nascent and Polarisas well as angel investors such as Chuk Okpalugo and Ivan Soto-Wright, founder and CEO of MoonPay.
In the last three years, Takenos expanded its presence to more than twenty countries and has already managed more than USD 500 million in transactions. Currently the firm focuses its expansion in Bolivia, which is part of its expansion plan in Latin America.
The company maintains strategic alliances with Mastercard, Visa, Fireblocks, Bridge, Rain and Coinflow, among other firms.
The interest of international funds in Latin American technology companies is also reflected in cases such as Lemon, which, as reported by CriptoNoticias, recently closed a Series B financing round of USD 20 million, aimed at expanding its regional presence.