According to reports from Tech Funding News, Tether has led a $14 million Series A funding round for Belo, an Argentine crypto fintech company. The investment round includes backing from Titan Fund, The Venture City, Mindset Ventures, G2, and other existing investors that have supported the company since its founding in 2021. The funding represents a significant capital injection as Belo scales its cross-border money platform across Latin America.
As reported by Tech Funding News, the $14 million Series A funding will support Belo's expansion into Mexico, Chile, Colombia, Peru, Bolivia and Paraguay, while deepening its presence in Brazil where it already operates. 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 company claims to address structural inefficiencies in cross-border finance across emerging markets by combining international transfers, currency conversion, and local spending in one integrated flow.
According to Tech Funding News, unlike many fast-growing fintech firms such as Lemon, Cash, and Uala, Belo has remained profitable for the past three years. This rare position in the market gives the company a unique advantage as it expands regionally while maintaining sustainable operations. The app currently combines Brazilian real, Argentine peso, and digital dollars, giving users more flexibility in how they hold and spend money. Belo has also integrated OpenTrade's real-world asset infrastructure to generate stable returns on its USDC and USDT treasury balances, allowing efficient liquidity management as it scales operations.
As reported by Tech Funding News, the investment positions Belo to benefit from the increasing adoption of stablecoins in Latin America. The company's platform also supports payments in Argentina through Brazil's Pix network using interoperable QR codes. The founders explain that moving money across borders remains slow, expensive, and fragmented, and the company was designed to absorb complexity of foreign exchange, regulation, and infrastructure to provide a simple, seamless experience for users. The long-term ambition is to become one of the leading financial companies globally, built from Latin America.
