Paradigm leads $9 million round in LatAm payments app El Dorado
The Block·
60-second summary
Paradigm leads a $9 million funding round in El Dorado, a Latin American payments app founded in 2022 by immigrants with firsthand experience navigating cross-border transactions. This investment aims to expand El Dorado's services, addressing the region's high remittance fees and limited financial inclusion. The move further fuels LatAm fintech growth, driving innovation in regional payments and banking.
El Dorado was founded in 2022 by Latin American immigrants with firsthand experience dealing with cross-border payments.