Ripio attracted $ 50 million from Digital Currency Group and Draper Ventures

The Argentine cryptocurrency startup Ripio attracted $ 50 million following the round of financing of the series B.

A Great STEP To Continue Expanding Access to the Crypto World in #latam! 🌎 🚀

We are Very Happy to Announce the Closing of a New Series B Investment for USD 50 Million, Led by @dcgco (DCG), One of Most Recognized Firms in the Industry 🚀 https: // t.Co/Ezmegd01H3

– Ripio (@ripioApp) September 20, 2021

Round led Digital Currency Group. It participated in Amplo, Draper Ventures, Boost VC, as well as the head of Mercadolibre Marcos Galperin and Globant CEO Martin Migoy.

Ripio offers the market various services, including a cryptocurrency wallet, exchange and OTC platform. The company intends to direct the funds raised to further development of products, the development of a team and international expansion with an emphasis on Latin America countries. The current number of users of Ripio from Brazil and Argentina exceeds 2 million.

“In Colombia, we recently closed the key to acquisition, to confidently enter this market. We have already formed a strategic team that will start work very soon, ”said Ripio’s chief brand director Juan Jose Mendes.

According to him, the company has achieved considerable progress in the development of Mexico and Uruguay markets. Also, according to the post in LinkedIn, Ripio is aimed at working with users from Spain.

According to Crunchbase, in January, Ripio https://gagarin.news/news/what-is-layer-2-on-the-blockchain/ acquired Bitcointrade – the second largest exchange in Brazil. In 2018, the company launched the P2P loan platform based on Ethereum smart contracts.

In 2017, Ripio attracted $ 37 million during the initial proposal of RCN tokens.
FORKLOG previously reported the acquisition of the British crypto -story -book Luno by Digital Currency Group under the leadership of Barry Silbert.