Tether Leads $3 Million Seed Round Investment in Colombian Fintech Startup Plenti

BlockBeats News, September 3rd, Colombian Fintech Plenti has completed a $3 million seed funding round, led by Tether with participation from Verda Ventures. Tether will become a minority shareholder of Plenti.

It is reported that the funds will be used to strengthen the Colombian operations and expand into the Peru and Bolivia markets. Plenti offers services such as cross-border transfers, multi-currency accounts, and investments in stocks, ETFs, and Crypto. Currently, it has over 150,000 active users, with an annual transaction volume of over $3.1 billion in its B2B and B2C business.