Bitso
Also a provider — view Bitso’s profile →“Can a LatAm crypto exchange become the dominant stablecoin-to-local-rails payments infrastructure for the region?”
Founded2014
HQMexico City, Mexico
Total raised~$331M+
Latest roundSeries C, 2021
Valuation$2.2B (2021)
IndustryFintech / Crypto
The story
Founded 2014 as a retail crypto exchange dominant in Mexico (95%+ share), Bitso evolved into a crypto-powered financial services company processing remittances from the US to Mexico. Bitso Business — the B2B arm — pivoted the company into cross-border payments infrastructure, embedding stablecoin rails (USDC, USDT, MXNB, BRL1) into a multi-currency account and FX-as-a-Service API for fintechs and PSPs. Today it positions itself as the LatAm-native stablecoin-to-local-rails (SPEI, Pix, PSE, CVU/CBU) infrastructure layer.
Product timeline
2014
Bitso founded in Mexico City as crypto exchange· pivot
2020
Launched in Brazil; processed over $1.2B in international payments· banking
2021
Reached unicorn status with $250M Series C at $2.2B valuation· ipo
2023
Integrated with Stellar network to expand cross-border corridors LatAm-Europe· banking
2025
Bitso Business partners with BVNK for stablecoin-powered faster payments across Europe and LatAm· banking
2025
Clara x Bitso Business launch stablecoin-backed corporate cards in LatAm· card
Regulated entities
4
regulatory licences held by Bitso
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Bitso’s embedded-finance stack
Payments / PSP
Bitso Business Pay-ins/Payouts (self-operated)SPEI via NVIO México (in-house)Pix via Nvio Brasil (in-house)PSE Colombia (self-operated)CVU/CBU Argentina via Nvio Pagos (in-house)
Banking / BaaS
in the full report
Lending
in the full report
FX & payouts
in the full report
Crypto
in the full report
Accounting gap: none
8 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.