1.- Dollar App raises 5 million dollars with a model based on stablecoin
The startup Dollar App raised a seed round for 5 million dollars in order to start operations in the Mexican market. The company offers a USDc stablecoin trading service whose main objective is to enter the remittance sector from the United States.
- A stablecoin it is a cryptocurrency that seeks to reflect the same value as another asset, in this case the US dollar.
- The Dollar App application allows you to buy and sell the USDc stablecoin through a digital account and obtain a 3% annual return on the account balance.
- Zach Garman, Álvaro Correa and Fernando Terrés, founders of the Dollar App, worked at the British neobank Revolut.
- The source of funding for this round is the Kaszek Ventures and Y Combinator funds.
2.- Carbyne raises 56 million dollars to renovate emergency centers in Mexico
The startup of Israeli origin Carbyne raised a series C round for $56 million. The financing was led by Cox Enterprises and the Hanaco Growth Fund. The resources will be used to renovate the emergency centers operated by the company, including most of the Control, Command, Communication, Computing and Quality Centers (C5) that operate in Mexico.
- The financing comes after the company’s US revenue growth of 400% in the last 12 months.
- The investment will allow the company to accelerate the digital transformation of mission-critical operations and government service centers, primarily in the United States and Latin America.
3.- Koibanx offers tokenization services for sofomes in Mexico
The Argentine crypto services company koibanx is offering its financial asset tokenization services to companies in the Mexican financial sector, in particular to various multiple purpose financial companies (sofomes).
- The company was founded in 2015 by Gabriel Kurman, Guillermo Morro, Leo Elduayen.
- It is responsible for the development of the digital vaccination certificate in Colombia, based on technology blockchain and the crypto asset purchase application of the government of El Salvador Chivo Wallet.
- According to Leo Elduayen, the state governments of Nuevo León and Jalisco have turned to their technology to provide better service to local taxpayers.
