Tether leads $14M Series A for Argentine wallet Belo

Tether led a $14 million Series A for Argentine crypto wallet Belo, the companies announced May 1, 2026. The funding will finance Belo’s entry into six Latin American markets and support growth in Brazil, where the platform already operates.

The round included participation from Titan Fund, The Venture City, Mindset Ventures, G2 and other early backers. The Series A is substantially larger than Belo’s $3 million seed round in May 2022. Belo reported three consecutive years of profitable operations before the new financing.

Belo provides a wallet and crypto services that let users hold, send and receive cryptocurrencies and manage payments across multiple currencies. Company executives said the capital will be used to hire local teams, expand product distribution and adjust services to each country’s regulatory and payments environment.

Manuel Beaudroit, Belo’s chief executive, described the company as entering the round from a position of financial strength, citing sustained profitability and daily product use. He said the funds are intended to scale the business rather than to keep it running.

Edwin Rager, Belo’s strategy director, said the investment will allow the firm to consolidate existing offerings, grow its regional footprint and strengthen the team.

Belo plans to launch operations in Mexico, Chile, Colombia, Peru, Bolivia and Paraguay. In Brazil, the company will focus on increasing adoption among freelancers, remote workers and customers who receive or manage payments in multiple currencies. Belo identified on‑ and off‑ramps between crypto and local currencies and cross‑border payment options as priorities for product work in the new markets.

Investors have shown interest in Latin America due to high remittance volumes, sizeable unbanked or underbanked populations and frequent multi-currency needs among workers and small businesses. Belo said it will adapt its wallet features and partnerships to the payment and regulatory frameworks in each country it enters.

The company did not disclose valuation details for the Series A. Belo said the new funding will support customer acquisition efforts in Brazil and the establishment of local operations and partnerships across the six target countries.