Overview

• The Argentina-based fintech will enter Brazil, Chile, Colombia and Mexico, targeting 10 million users within 12 months.
• Lemon reports 5 million users today, including 4 million monthly users in Argentina, and processes more than seven transactions per second.
• The company projects about $9.3 billion in processing volume in 2025 and says it safeguards over $160 million in client assets with real-time proofs of reserves.
• Peru traction includes roughly 1 million users and 150,000 Visa cards that offer automatic Bitcoin cashback on purchases.
• The round, described by local media as the largest crypto financing in Latin America in about three years, drew DRW Venture Capital, Endeavor Catalyst, VanEck VC, Persea VC, Alumni Ventures, Lambda Class and Stani Kulechov.