March 07, 2024
Colombian fintech company Kravata has closed a seed funding round, raising $3.6 million from 15 investment funds across the US, Asia, Europe, and Latin America. Notable investors include Volt Capital, Framework Ventures, Circle Ventures, Magma Partners, and SIMMA Capital. With this funding, Kravata plans to expand its services to Mexico, Panama, Chile, and Brazil by the end of the year. The company projects a 30% monthly growth rate in 2024, aiming for a fourfold increase in transactional volume.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Category |
---|---|---|---|---|---|
Kravata | $3.6M | Mar 7, 2024 | Seed | $3.6M | FinTech |
Kravata provides a method to connect to Web3 while offering a familiar Web2 experience. Through an interface or API, Kravata allows customers to integrate Web3 benefits into their services without the need for internal technological developments. The platform ensures compliance and offers support throughout the integration process.
Founded by Felipe Montes and Juliana Montes, Kravata has assisted 20 clients in Colombia in moving $215 million in its first year of operations. Forbes has featured the company among the top 100 startups in Colombia and it is part of the Web3 accelerator Alliance Dao.
About Kravata:
Kravata is a fintech company based in Bogotá, Colombia, that simplifies the integration of Web3 technology into existing services. The platform offers a seamless transition from Web2 to Web3, providing businesses with the tools and support needed to leverage blockchain technology effectively.
Website:Â https://www.kravata.co/Â
X Account:Â https://x.com/KravataWeb3
X Followers today:Â 133
About Investor
Notable investors include Volt Capital, Framework Ventures, Circle Ventures, Magma Partners, and SIMMA Capital.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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