Bit2Me, a giant Spanish crypto exchange, has raised $15 million in a funding round led by Investcorp. The investment round also included Telefónica Ventures, the investment unit of Spain’s largest telecommunications company Telefónica, Stratminds VC, Cardano and YGG Fund, Bit2Me said in a recent press release
Funds will be used by Bit2Me to expand its position in Spain, where the company was established , and to increase its expansion in Latin America.
However, In July 2022, Bit2Me acquired a majority stake in the Peruvian peer Fluyez, in what was the first step of a search for acquisition opportunities in Chile, Colombia and Uruguay, the company said at the time
Also, In February, Bit2Me got approval from the Bank of Spain to be the first major provider of services for the exchange of virtual currency for fiat currency and the custody of digital wallets
This funding will bolster our acquisition of new customers kudos to Investcorp, an international partner with remarkable financial muscle, and to Telefónica, who will give us more channels in Latin America,” Leif Ferreira, co-founder and CEO of Bit2Me, stated in a statement.