Latin American stablecoin financial platform Takenos completes $7 million follow-on seed round

on November 6, according to an announcement from Takenos, Latin American stablecoin financial platform Takenos announced on November 4 the completion of a $7 million seed round follow-on financing, led by North Island Ventures and Road Capital Management, with existing investors Variant, Lattice, and Reverie participating. This financing brings the company's cumulative funding to $12 million.

Takenos stated that the new funds will be used to support its expansion of services to more than 15 Latin American countries by 2027, including obtaining local licenses, building payment infrastructure, expanding its enterprise API business, launching new products, and hiring. The company currently operates in six Latin American countries, processing over $5 billion in annual transaction volume.