Raises an additional $7 million… Latin American stablecoin payment company aims for 15 countries

Argentina-based stablecoin payments platform Takenos raised an additional $7 million in an extension of its seed round, bringing total funding to $12 million, with North Island Ventures and Road Capital Management co-leading and existing backers Variant, Lattice and Reverie participating. The new capital extends the $5 million seed round announced in October of last year, which was co-led by Variant and Lattice with Reverie and North Island Ventures also taking part. Founded in 2022, Takenos currently operates in six Latin American countries and now aims to expand to 15 markets. The raise signals continued investor appetite for stablecoin-based cross-border payment infrastructure in Latin America, a region where dollar-denominated digital assets are widely used for remittances and savings. What to watch next is Takenos' execution on its 15-country expansion and whether it can convert its seed-stage footprint into meaningful payment volumes across the region.