Fintech company Lemon, specializing in cryptocurrencies, has successfully closed a $20 million Series B funding round with leading investments from F-Prime and ParaFi.

BlockBeats News, October 13th, Argentine-based crypto fintech company Lemon announced the completion of a $20 million Series B financing. This round of financing was led by U.S. funds F-Prime and ParaFi, with support from DRW Venture Capital, Endeavor Catalyst, Van Eck, Persea VC, Alumni Ventures, and Lambda Class.

Lemon, founded by CEO Marcelo Cavazzoli in 2019, provides a platform that allows users in Argentina and Peru to buy, sell, and store digital assets, make payments, and use a Visa debit card tied to their cryptocurrency holdings. Lemon plans to use this funding to drive its expansion into Chile, Colombia, Brazil, and Mexico, aiming to double its user base to 10 million in the next 12 months.