Takenos raises USD7 million seed extension for Latin American expansion
North Island Ventures and Road Capital Management lead the stablecoin payments company’s extension.
Takenos announced a USD7 million seed extension led by North Island Ventures and Road Capital Management, with existing investors Variant, Lattice and Reverie participating. The extension brings its cumulative funding to USD12 million.
The Argentine company builds stablecoin payment infrastructure, dollar accounts and business APIs for payroll, payouts and treasury. It operates across six Latin American countries and plans to expand to more than 15 in 2027. The new capital will support licenses and local payment rails, enterprise APIs, new products and hiring.
Use of funds
Expansion to more than15 LatinAmerican countries in2027
Local licenses and payment rails
Enterprise APIs and newproducts
Engineering, compliance and sales hiring