Latin American digital wallet platform Belo completes $14 million Series A funding round, led by Tether

On April 29, Tether led a $14 million Series A funding round for Latin American digital wallet platform Belo, with participation from Titan Fund, The Venture City, Mindset Ventures, and G2. Belo announced it plans to use the new capital to expand into Mexico, Chile, Colombia, Peru, Bolivia, and Paraguay—while continuing to strengthen its presence in Brazil, focusing on serving freelancers, remote workers, and users of cross-border fund transfers. Founded in 2021 and based in Buenos Aires, Argentina, Belo currently boasts over 3 million users across Latin America. Its core product is a crypto-powered digital wallet that lets users hold and transfer local currencies, plus stablecoins (which the platform refers to as “digital dollars”). Recent reports show stablecoins have surged in popularity in emerging markets like Latin America in recent years, primarily for inflation hedging, cross-border remittances, and avoiding high-cost foreign exchange systems. Belo combines payment, currency exchange, and cross-border transfers into one streamlined app experience, using crypto infrastructure for backend settlement to cut costs and delays for cross-border transactions.