Por favor verifica tu e-mail para tener acceso completo al Hub haciendo click al link enviado a youremail@gmail.com
Reenviar correo de verificación
💣 Viene la cita más poderosa con toda la cadena de pagos digitales de Latam. Reserva tu cupo a la Paytech Conf 2024

Lending argentinian Fintech Num Finance Raises US$1.5M to continue to support companies in Latam

May 29, 2023
Por
Num Finance
Num Finance
Rendimientos, Préstamos y Activos Digitales a un solo click
📷
Num
The pre-seed funding, spearheaded by Reserve, will empower the Latin American startup to deliver financial tools, such as loans and yields, underpinned by local stablecoins to a wider user base
Contenido para Usuarios 🔒

Num Finance, the premier issuer of local stablecoins in Latin America, today announced it has raised $1.5 million USD following the closure of its pre-seed funding round led by Reserve. Investors in the round also included H20 Scouter Fund, Ripio Ventures, and Matias Woloski, the CTO of Auth0.

Through its suite of financial products and stablecoins, collectively known as the ‘Num Network’, Num Finance offers businesses a swift and efficient way to augment their operations in emerging markets via yields, loans, and digital assets facilitated by local ramps and tokens. Initially, Num Finance will leverage the funding to extend its service offering to Colombia and Brazil, as well as probing other emerging markets in Latin America, North Africa, and Asia. Additionally, Num Finance will increase its focus on developing its real-world asset offering, starting through the tokenization of money market financial instruments.

Agustín Liserra, CEO of Num Finance, said,

“We’re thrilled by the possibilities enabled by this early investment round. Considering the prevailing challenging capital-raising environment, the unwavering confidence that investors have shown in our long-term project is evident. The realization of our vision lies in the potential of tokenizing real-world assets and making them universally accessible through public networks. This allows us to deliver top-notch financial technology to regions where traditional finance remains entrenched in the past.”

Num Finance was founded in 2021 by experts in the DeFi space. Within its first year, it launched its inaugural tokens, nARS – a digital asset pegged to the Argentine peso – and nPEN – a stablecoin linked to the Peruvian sol – which surged to a total circulation valued at $2.5 million USD. Leveraging capital from this funding round, Num Finance will launch new stablecoin tokens for the Brazilian Real (nBRL), Colombian Peso (nCOP), Mexican Peso (nMXN), and Dinar Bahrain (nBHD); marking its expansion to the Middle East. Through cryptocurrency finance tools such as collateralized loans underpinned by local stablecoins, users across these emerging markets can swiftly and easily access loans, bypassing the inefficiencies and bureaucracy inherent in traditional financial systems.

Beyond capital accumulation, Num Finance will also benefit from the support of investors and advisors who will assist in propelling its next phase. Specifically, Ariel Arrieta, Managing Partner of NXTP Ventures, and Gastón Irigoyen, founder of Argentine startup Pomelo, specializing in fintech solutions, will aid the Num team in executing their global strategy.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

Num Finance, the premier issuer of local stablecoins in Latin America, today announced it has raised $1.5 million USD following the closure of its pre-seed funding round led by Reserve. Investors in the round also included H20 Scouter Fund, Ripio Ventures, and Matias Woloski, the CTO of Auth0.

Through its suite of financial products and stablecoins, collectively known as the ‘Num Network’, Num Finance offers businesses a swift and efficient way to augment their operations in emerging markets via yields, loans, and digital assets facilitated by local ramps and tokens. Initially, Num Finance will leverage the funding to extend its service offering to Colombia and Brazil, as well as probing other emerging markets in Latin America, North Africa, and Asia. Additionally, Num Finance will increase its focus on developing its real-world asset offering, starting through the tokenization of money market financial instruments.

Agustín Liserra, CEO of Num Finance, said,

“We’re thrilled by the possibilities enabled by this early investment round. Considering the prevailing challenging capital-raising environment, the unwavering confidence that investors have shown in our long-term project is evident. The realization of our vision lies in the potential of tokenizing real-world assets and making them universally accessible through public networks. This allows us to deliver top-notch financial technology to regions where traditional finance remains entrenched in the past.”

Num Finance was founded in 2021 by experts in the DeFi space. Within its first year, it launched its inaugural tokens, nARS – a digital asset pegged to the Argentine peso – and nPEN – a stablecoin linked to the Peruvian sol – which surged to a total circulation valued at $2.5 million USD. Leveraging capital from this funding round, Num Finance will launch new stablecoin tokens for the Brazilian Real (nBRL), Colombian Peso (nCOP), Mexican Peso (nMXN), and Dinar Bahrain (nBHD); marking its expansion to the Middle East. Through cryptocurrency finance tools such as collateralized loans underpinned by local stablecoins, users across these emerging markets can swiftly and easily access loans, bypassing the inefficiencies and bureaucracy inherent in traditional financial systems.

Beyond capital accumulation, Num Finance will also benefit from the support of investors and advisors who will assist in propelling its next phase. Specifically, Ariel Arrieta, Managing Partner of NXTP Ventures, and Gastón Irigoyen, founder of Argentine startup Pomelo, specializing in fintech solutions, will aid the Num team in executing their global strategy.

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.

Este contenido es solo para
usuarios Prime 👑 del Hub.

Hacer upgrade ▸
Apoyado por:
Contacta al equipo
Hub Ranking:
#
Segmento:
DeFi 👾
País de origen:
Headquarters:
Buenos Aires
Monto inversión:
M
Ronda financiación:
Más novedades

Fintechs en
tendencia del Hub

No items found.

Argentina 🇦🇷

Ecosistema Fintech

Más Makers Imparables ⚡

Makers
Paytech 💳
Billetera virtual ligada a una APP y Tarjeta, que permite tener una mejor relación y control de tu dinero en línea.

Más Insights

Por
Ancient Tecnología
Ancient Tecnología
Desarrolladores deSoftware, Aplicaciones y sitios integrales, escalables y con excelente experiencia.

Nuestra comunidad

WHATSAPP
✨ Nuevo!
Tenemos un canal de Whatsapp donde contamos todos los movimientos en la industria.
Usuario pRIME 👑
Acceso ilimitado. Desbloquee la cobertura exclusiva, entrevistas con CEOs, eventos especiales y más.
Activar suscripción
RESUMEN SEMANAL
Todas las semanas envíamos a tu email un resumen con todos los avances en el ecosistema Fintech.
Abrir el Blueprint
Grupo de SLACK
Tenemos un grupo de Slack con todos los miembros registrados del Hub para que sigamos conversando.
uNIRSE AL GRUPO