Belo, an Argentine digital wallet built on crypto rails, raised a $14m Series A round led by stablecoin issuer Tether, the company said on 29 April 2026.
Titan Fund, The Venture City, Mindset Ventures and G2 also took part, along with investors that have been on the company's cap table since 2021, according to Bloomberg Línea. The company did not disclose a valuation. Belo's statement did not give its headquarters city.
Belo's chief executive and co-founder, Manuel Beaudroit, said in the announcement published by law firm Gunderson Dettmer: "We reached this round with three years of profitable operations and a product that people use in their daily lives." He added that the round is about scaling.
“We reached this round with three years of profitable operations and a product that people use in their daily lives”Manuel Beaudroit, CEO and co-founder, Belo
What Belo does
Belo describes itself as a Latin America-focused wallet that lets users hold and move local currencies and digital dollars. LatAm List reported that the platform covers saving, paying and moving money across fiat and crypto systems, with crypto and fiat wallets, international payments and embedded finance tools, aimed at markets with high inflation and limited access to traditional banking.
LatAm List also reported that Belo offers LUX, a fully digital international Visa card.
Bloomberg Línea described a payment flow in which users deposit pesos and the system converts them to reais for each transaction, through a QR code or a phone number, using stablecoin technology. It is integrated with Pix in Brazil and CVU in Argentina. The target customers are Latin Americans paid by foreign employers in dollars or euros, and Bloomberg Línea named Wise as a comparison.
Users and track record
The company was founded in Argentina in 2021, Bloomberg Línea reported, and it counts 3.3 million users across Latin America. LatAm List said the user base had doubled over four straight months, without giving a total, and that Belo expects to reach 1 million users in Argentina by the end of 2027.
Both outlets said the company has been profitable for three consecutive years. Bloomberg Línea attributed the claim to the company's internal data.
Expansion plans
Brazil is central to the plan. Belo began official operations there last year with an office in São Paulo, and Bloomberg Línea said Brazil and Argentina are its main markets, followed by Mexico. The origin of the product, according to the same report, was a study of how Brazilian tourists paid in Argentina, in cities including Buenos Aires, Mendoza and Ushuaia.
Bloomberg Línea said the round is expected to speed expansion in Chile, Colombia, Peru, Bolivia and Paraguay, along with licensing, integration with local payment systems and product development. LatAm List described the plans more generally as expansion across Latin America and continued development of the product ecosystem, including LUX.
Asked about fees, Beaudroit told Bloomberg Línea that they vary by type of operation, currency, country and infrastructure, and that the company aims to make the final cost clear to users.