El Dorado

El Dorado raised $9M to scale Latin America's cross-border payments app. Led by @paradigm, with participation from @cbventures and @VerdaVentures

In four years, we went from zero to more than 100,000 active users across 12 countries, and processed over 5 million transactions. We believe the next chapter will be 100x bigger. Thank you for all the support on our Series A announcement. Straight Outta LATAM.

Today, we're among the top financial apps in Latin America. This journey, this experience, and listening to our users were a huge motivation to build El Dorado Business.

@mikewchan @FinanceTrace We also launch our Multisig Account for Internet Businesses. 🫡 x.com/eldoradoio/sta…

Happy Juneteenth Friday! Here are the 5 most interesting crypto fundraises for the week ending 6/19/26. 1) Trace Finance Stablecoin payments platform @FinanceTrace raised $32M in a Series A round led by CoinFund with participation from Coinbase Ventures, HAUN Ventures, Jump Capital, and others. Trace Finance powers cross-border payments, FX, banking connectivity, and stablecoin settlement with a core focus on Brazil, LatAm, and other emerging markets where banking and FX are usually the biggest bottleneck. They’ll use this new funding to scale beyond Brazil into the broader US, LatAm, and APAC markets. 2) El Dorado Colombia-based cross-border payment app @eldoradoio raised $9M in a Series A round led by Paradigm with participation from Coinbase Ventures and Verda Ventures. El Dorado is a “money super app” that lets users in Latin America hold dollar accounts, move stablecoins like USDT/USDC, and send money across borders using local rails such as Pix, Yape, Nequi, and others. It targets overlooked, high-inflation, underbanked markets like Bolivia, Paraguay, Ecuador, and Peru. 3) EarnOS (Ero) @earnos_io (Ero) raised $18.5M in a funding round led by 1kx with participation from Circle Ventures, Coinbase Ventures, and Social Graph Ventures EarnOS is a Web3-powered ad and payments platform whose consumer app, ero, pays people real money (via stablecoin rewards and cards) for completing verified “missions” with brands instead of passively viewing ads. This model explicitly attacks bot-driven ad fraud by only charging brands for cryptographically verified human actions, using privacy-preserving tech like zkTLS and stablecoin rails to make rewards global, liquid, and measurable. 4) Range Stablecoin risk and intelligence platform @range_org raised $8.3M in a Series A round led by TX Ventures and Maven 11 Capital with participation from SixThirty Ventures, Stellar Development Foundation (SDF), and Onigiri Capital. Range unifies all of an institution’s bank accounts, custodians, wallets, and exchanges into a single real-time ledger while adding a pre‑execution compliance layer for onchain transactions. It can track 99% of stablecoin payments, monitor 200+ networks and 100+ stablecoins, and protect more than $30 billion in customer assets with built‑in sanctions, fraud, and policy checks before funds move. 5) Sovra Self-custodial fintech platform @sovra_money raised $2M in a Pre-Seed round led by Pharsalus Capital and participation by notable angels. Sovra, based in the Middle East and Europe, gives users a self‑custodial “global dollar account” where balances sit in USDC, letting them hold, earn yield on, send, and spend digital dollars via Visa and Mastercard from a mobile app. It targets users in fragile banking and FX regimes (starting with Lebanon and broader MENA), offering sovereignty over funds by removing intermediaries while still plugging into regulated stablecoin infrastructure and DeFi yield. — Congrats to all the teams on their fundraises! If you enjoyed this post, please Comment, Like, and Repost! And give me a follow @mikewchan for more crypto and fundraising content. Thanks for reading!

@merch3studio @Bitso @etherfuse @RedotPay quality swag 🫰

@merch3studio @rene__hdz 🫡

Conociendo más de @eldoradoio en 3 min Si aún no sabes qué es El Dorado y cómo está impactando LATAM, este video de @rene__hdz es buen punto de partida

@Twiter_score @earnos_io @1kxnetwork @circle_ventures @cbventures Straight Outta LATAM 🫡

💰 Top 5 notable rounds of the past week $39M raised across 5 deals — stablecoins, payments & RWA ran the table: 🥇 @earnos_io | T.Score: 29.5 $18.5M — Verona consumer app (ex-XION) Backed by @1kxnetwork, @circle_ventures, @cbventures 🥈 @eldoradoio | T.Score: 27.1 $9M Series A — cross-border payments app Backed by @Paradigm, @cbventures, @VerdaVentures 🥉 @range_org | T.Score: 41.4 $8.3M Series A — stablecoin compliance infra Backed by @Maven11Capital, @StellarOrg • @strato_net | T.Score: 60.8 $1.7M public sale — RWA L1 for precious metals • @renaissxyz | T.Score: 50.7 $1.5M — BNB Chain RWA liquidity infra Backed by @YZiLabs, @gate_ventures, @HashGlobal Quieter week on dollars, but the signal is loud: stablecoin rails, payments & RWA are where capital keeps flowing. Which raise caught your eye? 👇 Follow updates on @Twiter_score

@rene__hdz @stablecoing @Bitso @cryptoconexion @paradigm Straight Outta LATAM 🫡

Qué honor entrevistar a Guille Goncalvez (AKA @stablecoing), CEO de @eldoradoio en la Stablecoin Conference de @Bitso; gracias a @cryptoconexion. Highlights: – El Dorado levantó una ronda A de 9MDD, ronda liderada @paradigm – Lanzaron su producto B2B de cross-border payments eldorado.io/business Shout-out a @monitalan, @YaelMarahi y a todo el team de El Dorado por hacerlo posible.

@paradigm @cbventures @VerdaVentures @tempo The map was live The announcements were made The builders were in the room El Dorado Business. Progress. Productivity. Power. For the LATAM Golden Age.

@paradigm @cbventures @VerdaVentures @tempo Friends, partners, companies and founders from across Latin America and beyond in the same room. That's the network El Dorado Business is built for.

Straight Outta LATAM. Cocktail Party by El Dorado Business. 📍Mexico City

Years of teamwork have allowed us to deliver real results, like offering: • An international @Visa card • QR payments in 5 countries across Latin America • Your own dollar account • Investments • And cross-border payments across 12 countries in LatAm @eldoradoio We keep going!!

@stablecoing @Visa What a journey! Let's go.

@quang250802 @FinanceTrace Straight Outta LATAM 🫡

i tier listed the funding rounds i have seen over the last 2 weeks: @FinanceTrace $32M - payments and stablecoin infrastructure for Latin America. Led by CoinFund, Coinbase Ventures and others. @eldoradoio $9M - peer-to-peer payments network focused on Latin America. Backed by Paradigm, Coinbase Ventures and others. @earnos_io $18.5M - digital advertising platform with real revenue potential and strong market fit. @CantonNetwork $335M - privacy-enabled public L1 connecting traditional financial systems onchain. Backed by a16z, Coinbase and Polychain. @TVLCap $5M - onchain structured products infrastructure building Chain Traded Products (CTPs). Led by Framework Ventures. @renaissxyz $1.5M - RWA liquidity infrastructure focused on collectibles. Backed by YZi Labs, Gate Ventures and others. @ReceiptsDepo $7M - regulated depositary receipts platform bringing digital assets to institutions. @range_org $8.3M - security and risk management platform for blockchains and rollups. Led by Maven 11 and TX Group. @aipaywithcrypto $10M - payment infrastructure for AI agents and users with crypto rails and marketplace integrations. @MNX_fi $6.4M - AI-focused futures exchange for compute, AI companies and prediction markets. @conkarta $125M - global premium payment card backed by asset-collateralized credit limits. @Sealcoin_QAIT $4M - quantum-resistant machine-to-machine transaction network. @ShopAgentic $2.19M - AI-powered e-commerce platform using specialized shopping agents. @re - TBA 🙄🙄 agree or am i getting cooked?

@PANONYGroup 🫡

RWA Weekly | Fed Eyes KYC Rules for Stablecoin Issuers; Wyoming Launches FRNT This week, on-chain RWA market cap slipped to $32.33 billion, while holders jumped to 928,800, the largest monthly increase on record, signaling stronger retail demand. Stablecoin market cap kept shrinking, but monthly active addresses and total holders rebounded, suggesting a modest recovery in activity. Regulation: The Fed is reportedly considering KYC requirements for certain stablecoin issuers, bringing them closer to bank-grade AML standards. U.S. lawmakers agreed to extend the CBDC ban through 2030, while HKEX and the HKMA launched an e-HKD pilot for derivatives settlement. Projects: @The_DTCC will run a live asset tokenization demo; Moody’s expanded ratings to @solana; Wyoming launched its state-issued stablecoin FRNT; @StateStreet and @Fidelity rolled out money market funds for stablecoin reserves; and @worldlibertyfi may secure an OCC federal trust bank charter. Funding: @Nuvei plans to acquire @Payoneer for $2.75B; @MANTRA_Chain was acquired by @InveniamIO; @FinanceTrace raised $32M; and @eldoradoio secured $9M led by @paradigm. #RWA #Stablecoins #Tokenization #DeFi #Crypto #FRNT #Solana