- This is a startup for offline BTC purchases
- It is very popular in Latin America
- In a new round, the company raised $6 million in investments
Former Twitter CEO (and current head of Block) Jack Dorsey has led a funding round for startup Azteco. This is a company that issues vouchers for buying BTC. During the round, the project raised $6 million in funds.
Vouchers from Azteco work similarly to top-ups for phones. They can be purchased online or offline. The project should make it easier to buy cryptocurrencies among the population that does not have bank accounts. This situation is common in Latin America and African regions.
As you know, Dorsey is a devoted fan of bitcoins. Here is how he commented on his investment in the Azteco project:
“The unbanked population is huge. We have the technology and resources to close this gap, but so far no one has taken significant steps in this direction. Azteco provides much more than just access to a secure financial system. It creates an ecosystem of financial self-identity that is secure and supported by local communities.”
In addition to Dorsey, Lightning Ventures, Hivemind Ventures, Ride Wave Ventures, Aleka Capital, Visary Capital, Gaingels and private entrepreneur Sunil Rajaraman participated in the round.
AI startup Pinecone recently raised $100 million in a Series B round.