FX Firm Joins Mexican Bitcoin Exchange’s $2.5 Million Fundraise

Bitso co-founder Daniel Vogel

Bitcoin sell startup Bitso has lifted $2.5m to make it easier for a underbanked in Mexico to benefit entrance to financial services.

Among a investors is Mexico-based unfamiliar exchange, Monex Group, that final year conducted $160bn in exchange in Europe, a US and Latin America.

Bitso’s co-founder and boss Daniel Vogel told CoinDesk he believes a imagination of Monex and a other investors will assistance a startup grow from a “strong footprint” of users in Mexico to elsewhere in Latin America.

Speaking from a vaunt counter his association won as partial of a startup plea hosted by Swift, Vogel said:

“We are really meddlesome in a rest of Latin America. There are some places where there’s been a poignant volume of bitcoin activity in Latin America, though there are other places that are very, really quiet. we consider those places are really interesting.”

Other investors enclosed Mexican try collateral firms Variv Capital and Xochi Ventures, and US investors Digital Currency Group (DCG), FundersClub, Bitcoin Capital and Blockchain Tech Limited. The investment was divided into dual tranche’s, a many new of that sealed final week.

DCG and Funders bar both participated in an progressing $1.85m

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