Takenos completes $7 million seed extension round

Latin American stablecoin finance platform Takenos has raised a $7 million seed extension led by North Island Ventures and Road Capital Management, with existing investors Variant, Lattice and Reverie participating, bringing its total funding to $12 million. The company, which currently operates in six Latin American countries and processes more than $5 billion in annual transaction volume, will use the capital to obtain local licenses, build payment infrastructure, expand its enterprise API business, launch new products and hire staff. The raise positions Takenos to scale across a region where stablecoin adoption for payments and remittances is growing quickly. Takenos aims to extend its services to more than 15 Latin American countries by 2027. What to watch next is whether the company secures the local licenses needed to enter those additional markets and how quickly its enterprise API business gains traction.