Crypto
Eldorado raises $9 million in Series A led by Paradigm to target Latin America cross-border payments
Venture capital firm Paradigm led a $9 million Series A funding round for Eldorado, a Latin America cross-border payments app, The Block reported on June 16. Coinbase Ventures and Verda Ventures also participated, the report said. Paradigm investment and research partner Ricardo de Arruda said cross-border payments in Latin America are an underappreciated opportunity, with more than $100 billion moving across borders annually despite slow and costly infrastructure.
