Crypto fintech company Lemon completes $20 million Series B funding round, led by F-Prime and ParaFi

Jinse Finance reported that Lemon, a crypto fintech company headquartered in Argentina, announced the completion of a $20 million Series B funding round. This round was led by US funds F-Prime and ParaFi, with support from DRW Venture Capital, Endeavor Catalyst, Van Eck, Persea VC, Alumni Ventures, and Lambda Class. Lemon was founded in 2019 by CEO Marcelo Cavazzoli and provides a platform that allows users in Argentina and Peru to buy, sell, and store digital assets, make payments, and use a Visa debit card linked to their crypto holdings. Lemon plans to use the funds to drive its expansion into Chile, Colombia, Brazil, and Mexico, and aims to double its user base to 10 million within the next 12 months.