Key facts
- Paradigm led a $9 million Series A funding round for El Dorado.
- Coinbase Ventures and Verda Ventures also participated in the funding round.
- El Dorado is a Latin American cross-border payment app.
- The company focuses on internal payment corridors.
- El Dorado has over 100,000 active users.
Venture capital firm Paradigm has spearheaded a $9 million Series A funding round for El Dorado, a Latin American cross-border payment application. The investment round included participation from notable entities such as Coinbase Ventures and Verda Ventures. El Dorado's core business model focuses on facilitating internal payment corridors within Latin America. The company has reported a user base exceeding 100,000 active users. This capital infusion is expected to support El Dorado's operational expansion and further development of its payment solutions in the region. The funding round signifies continued investor interest in the fintech sector within Latin America, particularly in solutions addressing cross-border transactions and internal payment efficiencies.