Tether leads Belo's $14 million raise to expand stablecoin payments across Latin America
Latin American digital wallet provider Belo has raised $14 million in a Series A round led by Tether to expand its regional operations.Summary
Belo, a Latin American digital wallet platform, has successfully raised $14 million in a Series A funding round led by Tether. The company plans to utilize these funds to scale its infrastructure and expand its services into Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay, while strengthening its existing presence in Brazil. Founded in 2021, Belo leverages crypto rails to facilitate cross-border payments, foreign exchange, and local currency transfers, specifically catering to freelancers and individuals seeking alternatives to traditional banking in high-inflation environments. CEO Manuel Beaudroit emphasized that the firm, which currently serves over 3 million users, intends to use the capital to further its mission of solving friction in regional financial systems.
(Source：CoinDesk)