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LAVCA | The Association for Private Capital Investment in Latin America

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Kingsway Capital Leads USD16.3m Series A for Argentine Crypto Banking Platform Lemon (en español)

July 27, 2021
Lemon

Kingsway Capital led a USD16.3m Series A for Lemon, an Argentine crypto banking platform, with participation from Valor Capital, Draper Associates, Cadenza Ventures, Amagis Capital, Coinbase Ventures, Borderless Capital, Reserve, Draper University Ventures, Celo, Grupo Supervielle and Andrés Bilbao (Rappi), and follow-on from Draper Cygnus. Draper Cygnus led a USD1m seed round earlier this year.

(Press Release) – La ronda fue liderada por Kingsway Capital, un importante fondo de inversión del Reino Unido. También se sumaron inversores globales como Draper Associates, Valor Capital, Cadenza Ventures, Draper Cygnus, Trampoline Venture Partners (Amagis Capital), Coinbase Ventures, Borderless Capital, Reserve, Draper University Ventures, Celo, Grupo Supervielle y Andrés Bilbao, co-fundador de Rappi.

Esta nueva ronda de inversión potencia nuestros planes de crecimiento en la región. El dinero será utilizado para duplicar nuestro equipo con talentos de calidad, emitir las tarjetas prepagas que logren llevar las ganancias de las criptos a las compras de todos los días y agregar más tokens y funciones a la app para expandir la revolución.

La nueva Serie se suma a la de USD 1M que habíamos levantado durante la pandemia en nuestra ronda semilla, provenientes de fondos de inversión importantes como Draper University, quienes nos acompañaron desde nuestros inicios confiando en el roadmap proyectado.

Esta confianza nos permitió ganar reconocimiento de grandes inversores globales como Coinbase Ventures, Valor Capital y Draper Associates, quienes ahora son partícipes de la visión de la empresa.

En el contexto latinoamericano, las criptomonedas son una alternativa concreta para mejorar la economía de las personas. Y, en este punto, nuestra propuesta de valor como fintech cripto se diferencia de otras empresas: el foco está puesto en la usabilidad y accesibilidad de las criptomonedas.

Con más de 60.000 personas en la lista de espera, nos preparamos para lanzar un producto que cambiará la industria cripto nacional del país. Se trata de Lemon Card, la primera tarjeta prepaga que combina pesos con criptomonedas. Permitirá llevar las ganancias de las criptos a las compras del día a día en cualquier comercio del mundo gracias a nuestra alianza con VISA.

De este modo, se asienta la importancia estratégica que Argentina y la región poseen en el ecosistema, donde estamos afianzando nuestra expansión internacional con acuerdos comerciales comenzando en Perú y, próximamente, en Ecuador, Colombia, Chile y Uruguay. Brasil se encuentra también en nuestros planes gracias a la inversión de Valor. Así, nos preparamos para agilizar el proceso de adopción hacia la nueva economía digital en América Latina.

Kingsway Capital Leads USD16.3m Series A for Argentine Crypto Banking Platform Lemon (en español) was last modified: August 10th, 2021 by cramos
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Tech Growth Membership

The 2023 LAVCA Startup Founders Survey is made possible thanks to the support of LAVCA’s Tech Growth Membership, a group of leading tech companies and investors advancing the tech ecosystem in Latin America including AWS, Mercado Libre, Microsoft, Qualcomm Ventures, SVB, Riverwood Capital, Google and Movile.

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