Takenos, a fintech company operating in Latin America, has secured $7 million in new funding to build a financial network powered by stablecoins. The company announced the raise on November 5.
The startup intends to use the capital to widen its footprint across the region, growing from its current six markets to more than 15 countries by 2027, according to a report by bloomingbit.
A Cross-Border Payments Business Built on Local Licenses
Takenos helps individuals and companies move money across borders. Rather than relying entirely on intermediaries, it obtains payment rails and financial licenses directly in each country where it operates.
For consumers, the company provides cards and accounts denominated in U.S. dollars. For businesses, it offers APIs that handle payroll, remittances and treasury management.
The company also works with major payments players, counting Stripe, Mastercard and Visa among its partners.
Billions in Volume Within Four Years
Takenos says its yearly transaction volume has passed $5 billion, a milestone reached within four years of the company's founding.
It currently serves millions of users across Argentina, Bolivia, Ecuador, Peru, Paraguay and Guatemala. On the corporate side, its clients include LATAM Airlines as well as energy and mining firms in Bolivia.
Where the New Funding Will Go
The fresh capital is earmarked for speeding up the rollout of financial infrastructure throughout Latin America. A central goal is enabling conversions between local currencies, U.S. dollars and stablecoins.
Takenos also plans to broaden its product range beyond consumer finance. The company wants to build platforms for small and medium-sized businesses and offer transaction services aimed at institutions.
Owning the Infrastructure Rather Than Renting It
Co-founder and chief executive Lucas Posada framed the company's approach as a key differentiator. He said Takenos did not simply layer an app on top of another provider's payment network.
Instead, according to Posada, the company assembled its own licensing framework, stablecoin infrastructure and a fiat conversion network tailored to each country. He described the new round as a launching pad for entering additional Latin American markets.
Investor Sees an Overlooked Market
A representative of North Island Ventures said Takenos is developing compliant stablecoin infrastructure in a market that many other companies have largely passed over.
The investor added that Takenos has the potential to grow into a leading financial network for the region.
What the Raise Signals for Fintech in the Region
Latin America has long dealt with currency volatility and costly cross-border transfers, which has made dollar access and stablecoins attractive to both households and businesses. Takenos is betting that regulated, locally licensed infrastructure will be the foundation for meeting that demand at scale.
For founders, the company's strategy highlights a trade-off: securing licenses country by country is slower and more expensive than building on third-party rails, but it can create a defensible position. Whether Takenos can replicate its model in more than 15 markets by 2027 will be a useful test of that approach.
Source: bloomingbit
