Share this article
Latin American Crypto Firm Ripio Raises $50M to Accelerate Regional Expansion
The company plans to open operations in Colombia, Mexico and Uruguay later this year.
Updated May 11, 2023, 6:01 p.m. Published Sep 20, 2021, 4:06 p.m.
Ripio, an Argentina-based crypto company, has raised $50 million in a Series B funding round, the firm announced Monday.
The round was led by blockchain investment firm Digital Currency Group (DCG) and included two other previous investors, Tim Draper and San Mateo incubator Boost VC. DCG is the parent company of CoinDesk.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The funds will be primarily earmarked to open Ripio operations in Colombia, Mexico and Uruguay in 2021, Chief Brand Officer Juan José Mendez told CoinDesk, adding that the company will start operating in Spain in the first quarter of 2022.
Expansions into new markets will be done both organically and through acquisitions, Mendez said. In the coming weeks, the company plans to announce the acquisition of an exchange in Colombia, Mendez added.
In January, Ripio acquired BitcoinTrade, the second-largest crypto exchange in Brazil.
Ripio currently operates in Argentina and Brazil, where it has collectively reached two million users, according to the company.
The Series B funding round included new investors such as Amplo VC; Marcos Galperin, founder and CEO of Latin American marketplace MercadoLibre; and Martín Migoya, founder and CEO of software company Globant.
“This round is a natural step forward that allows us to continue building and expanding our products in the region, with the mission of broadening access to the crypto world, creating simple tools and offering quality educational resources for getting to know the crypto space,” Sebastián Serrano, co-founder and CEO of Ripio, said in a statement.
Ripio’s last round was a $2.25 million Series A in 2017, according to Mendez.
Ripio owns an app, an exchange and an over-the-counter (OTC) desk. The company is working on launching a business-to-business vertical with blockchain solutions for companies, a payments vertical and a decentralized finance (DeFi) vertical, Mendez said, without specifying details.
In addition, Mendez said Ripio plans to expand its credit vertical already available in Argentina to all of Latin America.
CORRECTION (Sept. 21: 16:24 UTC): Corrected to reflect that Ripio acquired BitcoinTrade in January, not June.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Lo que debes saber:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
