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The encryption fintech company Lemon has completed a $20 million Series B funding round, led by F-Prime and ParaFi.
On October 13, Argentina-based crypto fintech company Lemon announced the completion of a $20 million Series B funding round, led by American funds F-Prime and ParaFi, with support from companies such as DRW Venture Capital, Endeavor Catalyst, Van Eck, Persea VC, Alumni Ventures, and Lambda Class. Lemon was founded in 2019 by CEO Marcelo Cavazzoli, providing a platform that allows users in Argentina and Peru to buy, sell, and store digital assets, make payments, and use Visa debit cards linked to their crypto assets. Lemon plans to use this funding to drive its expansion into Chile, Colombia, Brazil, and Mexico, and hopes to double its user base to 10 million within the next 12 months.