Lemon
“Can a crypto-native wallet become the primary financial OS for underbanked Latin Americans by combining stable digital assets with everyday payment infrastructure?”
Founded2019
HQBuenos Aires, Argentina
FoundersMarcelo Cavazzoli
Total raised$64.1M+
Latest roundSeries B, October 2025
IndustryFintech / Crypto
The story
Founded in 2019 as a digital wallet for Argentinians to buy, sell, and store cryptocurrency, Lemon evolved into a broader crypto-native fintech platform offering fiat-crypto exchange, a Visa debit card tied to crypto holdings, DeFi investment access, and margin trading. The company targets the Latin American market where currency instability creates strong demand for dollar-denominated digital assets. With its Series B in 2025, Lemon is aggressively expanding from its Argentina/Peru base into four additional LatAm markets, aiming to double its user base to 10 million.
Product timeline
2019
Lemon Cash founded in Buenos Aires, Argentina as a digital wallet supporting fiat and crypto.· banking
2022
Launched contactless international Visa debit card linked to crypto holdings with cashback rewards.· card
2024
Raised $44.1M Series A to expand platform capabilities and user base across Argentina and Peru.· pivot
2025
Raised $20M Series B led by F-Prime and ParaFi to fuel expansion into Chile, Colombia, Brazil, and Mexico.· pivot
The stack
Card issuing
Lending
Crypto
Accounting gap: none