Peruvian DeFi fintech Fluyez is acquired by Spanish crypto exchange Bit2Me

July 21, 2022
Business reporter based in Argentina
📷
CoinDesk
Following the acquisition of a majority stake in Fluyez, the company is looking for purchasing opportunities in Chile, Colombia and Uruguay.

Este contenido es solo para
usuarios registrados en el Hub.

Inicia Sesión para Desbloquear ▸
Contenido para Usuarios 🔒

Bit2Me, the largest Spanish crypto exchange, acquired a majority stake in the Peruvian peer Fluyez, the company announced Thursday.

​​The purchase of the 85% stake was for more than 1 million euros ($1.022 million), Bit2Me COO Andrei Manuel told CoinDesk, without disclosing an exact figure. Fluyez, operational as of March 2021, will continue being led by Luis Eduardo Berrospi, co-founder and CEO of the company.

The Peruvian company, which will not change its name after being acquired, plans to grow from 10,000 users to 100,000 in 12 months, Manuel said.

In parallel, Bit2Me is in negotiations to acquire an exchange in Chile, Manuel said, adding that the company is also eyeing exchanges in Latin American countries such as Colombia and Uruguay. Targets should range between $1 million and $20 million, he added.

“We are looking for companies that are fully compliant, have users, a wallet where you can exchange cryptocurrencies and fiat, and a solid team,” Manuel said.

Bit2Me has already signed two memorandums of understanding to buy a fintech company and a software developer based in Spain during the second half of 2022, Bit2Me CEO Leif Ferreira told CoinDesk last week. It also plans to add 250 employees during the next 12 months, doubling its headcount, he added.

The company will fund acquisitions with cash on hand, including the 20 million euros it raised through an initial coin offering in 2021, Ferreira told CoinDesk, adding that the company does not rule out the entry of a strategic investor.

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.

Bit2Me, the largest Spanish crypto exchange, acquired a majority stake in the Peruvian peer Fluyez, the company announced Thursday.

​​The purchase of the 85% stake was for more than 1 million euros ($1.022 million), Bit2Me COO Andrei Manuel told CoinDesk, without disclosing an exact figure. Fluyez, operational as of March 2021, will continue being led by Luis Eduardo Berrospi, co-founder and CEO of the company.

The Peruvian company, which will not change its name after being acquired, plans to grow from 10,000 users to 100,000 in 12 months, Manuel said.

In parallel, Bit2Me is in negotiations to acquire an exchange in Chile, Manuel said, adding that the company is also eyeing exchanges in Latin American countries such as Colombia and Uruguay. Targets should range between $1 million and $20 million, he added.

“We are looking for companies that are fully compliant, have users, a wallet where you can exchange cryptocurrencies and fiat, and a solid team,” Manuel said.

Bit2Me has already signed two memorandums of understanding to buy a fintech company and a software developer based in Spain during the second half of 2022, Bit2Me CEO Leif Ferreira told CoinDesk last week. It also plans to add 250 employees during the next 12 months, doubling its headcount, he added.

The company will fund acquisitions with cash on hand, including the 20 million euros it raised through an initial coin offering in 2021, Ferreira told CoinDesk, adding that the company does not rule out the entry of a strategic investor.

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.
Apoyado por:
Contacta al equipo
Hub Ranking:
#
Segmento:
DeFi 👾
País de origen:
Headquarters:
Lima
Monto inversión:
M
Ronda financiación:
Más novedades

Fintechs en
tendencia del Hub

No items found.

Perú 🇵🇪

Ecosistema Fintech