Aureo Secures $1.1M Pre-Seed to Expand Bitcoin Services in Latin America
- Aureo, formerly known as Swapido, has announced a $1.1 million pre-seed funding round.
- The funding was led by Early Riders to develop Latin America’s first Multi-Institution Custody (MIC) solution.
- Funds will be used for founder salaries, marketing, development, compliance, and regional expansion.
- The company aims to expand its bitcoin financial services from Mexico across the region.
Aureo’s recent funding round marks a significant step in developing a Multi-Institution Custody solution tailored for Latin America, with plans to enhance bitcoin services regionally. The investment will support key operational areas like marketing and compliance.
With $1.1 million secured, Aureo is poised to expand its bitcoin financial services beyond Mexico, leveraging the expertise of its founding team and the backing of Early Riders to drive regional growth and innovation in custody solutions for digital assets. (Source)
