TechFlow news, October 10 — According to FinTech Futures, Argentine crypto fintech company Lemon has raised $20 million in a Series B funding round led by U.S. funds F-Prime and ParaFi, with participation from DRW Venture Capital, Endeavor Catalyst, Van Eck, Persea VC, Alumni Ventures, and Lambda Class.
Founded in 2019 by CEO Marcelo Cavazzoli, Lemon offers digital asset trading and storage, payment services, and Visa debit cards linked to users' cryptocurrency holdings for customers in Argentina and Peru. The company plans to use the new funds to expand into Chile, Colombia, Brazil, and Mexico, aiming to double its user base from 5 million to 10 million within the next 12 months.
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