Argentine fintech Takenos has successfully raised $7 million in a seed extension funding round, bringing its total capital raised to $12 million since its inception. The latest financing was co-led by North Island Ventures and Road Capital Management, with continued participation from existing backers Variant, Lattice, and Reverie. The infusion of capital marks a significant milestone for the young company as it looks to solidify its position as a major player in the cross-border financial infrastructure of Latin America.

Founded in 2022 by a quartet of entrepreneurs consisting of Francisco Goulu, Joaquín Herrera, Simón Bouché, and Lucas Posada, Takenos was built to address the persistent friction involved in moving money across currencies and borders in Latin America. The platform leverages blockchain technology, specifically stablecoins, to provide individuals and businesses with an alternative financial rail that bypasses traditional, slower, and more expensive banking corridors. Through its platform, Takenos offers digital dollar accounts, issued payment cards, and robust application programming interfaces (APIs) designed for corporate payments, payroll disbursement, and treasury management.

The newly secured $7 million will be deployed to fund an aggressive regional expansion strategy. Takenos has set its sights on expanding its operations into more than 15 Latin American countries by the year 2027. Alongside geographical expansion, the company plans to utilize the funds to acquire necessary regulatory licenses in key jurisdictions, accelerate the development of new product offerings, and aggressively hire top-tier talent across engineering, regulatory compliance, and sales divisions to support its growing operational footprint.

Despite its relatively brief history in the competitive fintech landscape, Takenos has already achieved substantial scale. The platform currently operates in six countries, processing an impressive volume of more than $5 billion in annual transactions while serving a user base numbering in the millions. Its enterprise clientele reflects its capability to handle complex, high-volume corporate financial needs, including major regional entities such as LATAM Airlines, as well as prominent players operating within Bolivia’s energy and mining sectors. These partnerships underscore the practical utility of stablecoin-based financial systems for multinational corporations managing payroll, vendor payments, and treasury operations across volatile macroeconomic environments.