Bit2Me Raises $15 Million in Funding Round, Led by Investcorp, for Expansion Plans

In a recent investment round, Bit2Me, a well-known cryptocurrency exchange with headquarters in Spain, was able to raise $15 million. The capital round’s major participants included Telefónica Ventures, Stratminds VC, Cardano, and YGG Fund in addition to prominent international partner Investcorp, which led the investing activities. With a focus on strengthening its position in Spain and speeding its growth in Latin America, Bit2Me’s expansion plans will greatly benefit from this infusion of cash.

Bit2Me’s Acquisition Strategy and Latin American Ambitions

Bit2Me Acquires Fluyez and Sets Its Sights on Chile, Colombia, and Uruguay

In July 2022, Bit2Me made a substantial advancement in its strategic expansion plan by acquiring the majority of Fluyez, a Peruvian rival business. This acquisition acted as a first step in Bit2Me’s larger plan to investigate additional acquisition possibilities in Chile, Colombia, and Uruguay. Bit2Me seeks to strengthen its position in Latin America by proactively exploring development through strategic alliances and acquisitions, utilizing the resources of the fundraising round to drive growth and seize new consumer markets.

Leif Ferreira the CEO and co-founder of Bit2Me stated, “This funding will boost our acquisition of new customers specially thanks to Investcorp, an international partner with significant financial muscle, and to Telefónica, who will give us more channels in Latin America.”

With the financial clout of Investcorp and Telefónica’s key connections in Latin America, Bit2Me will be better able to acquire customers and solidify its position in the region’s expanding crypto sector.

Growth Trajectory and Market Impact

Bit2Me Poised to Capitalize on the Crypto Boom in Spain and Latin America

With new funding of $15 million and a targeted growth plan, Bit2Me is well-positioned to profit from the booming bitcoin sector in Spain and Latin America. The exchange wants to improve its offerings by giving users a secure environment for trading and investing in cryptocurrencies. The development and adoption of cryptocurrencies in the area will be aided by Bit2Me’s growth trajectory, in addition to its existing consumers.

Industry watchers eagerly anticipate Bit2Me’s upcoming movements and the effects they will have on the cryptocurrency environment in Spain and Latin America as the company continues to move through with its expansion goals.