Latin American fintech belo has secured $14 million in Series A funding as it looks to scale its cross-border money platform across the region. The round was led by Tether, with backing from Titan Fund, The Venture City, Mindset Ventures, G2, and other existing investors that have backed the company since its founding in 2021.
Founded in Buenos Aires by Manuel Beaudroit and Edwin Rager, belo is one of the first platforms to issue a crypto Mastercard in Latin America, delivering cashback in digital assets, while allowing users to hold Argentine pesos, US dollars via USDC and USDT, and Bitcoin in a single wallet.
The startup claims to address structural inefficiencies in cross-border finance across emerging markets. Instead of chasing growth at any cost, belo has built a model focused on sustainable operations while solving a daily financial problem faced by millions across Latin America.
“Moving money across borders is still slow, expensive, and fragmented. The company was designed to absorb the complexity of foreign exchange, regulation, and infrastructure, and turn it into a simple, seamless experience for users. The goal from day one has been to enable people to receive, hold, and spend money globally without friction,” say the founders to Tech Funding News.
The app currently combines Brazilian real, Argentine peso, and digital dollars, giving users more flexibility in how they hold and spend money. It also supports payments in Argentina through Brazil’s Pix network, using interoperable QR codes. By bringing together international transfers, currency conversion, and local spending in one flow, belo wants to remove the friction users often face when juggling multiple services.
Belo has also integrated OpenTrade’s real-world asset infrastructure to generate stable returns on its USDC and USDT treasury balances, allowing the company to manage liquidity efficiently as it scales.
Unlike many fast-growing fintech firms, such as Lemon, Cash, Uala, belo remained profitable for the past three years. That gives the company a rare position in the market: expanding regionally while already running a sustainable business.
The capital will fund expansion into Mexico, Chile, Colombia, Peru, Bolivia and Paraguay, while deepening the company’s presence in Brazil, where it already operates. The long-term ambition is to become one of the leading financial companies globally, built from Latin America, the company concludes.
