Ripio
“Can a LATAM-native crypto exchange become the region's default Crypto-as-a-Service infrastructure layer for banks and fintechs?”
Founded2013
HQBuenos Aires, Argentina
FoundersSebastián Serrano, Luciana Gruszeczka, Mugur Marculescu
Total raisedunknown
Latest roundSecondary - Private
Valuationunknown
IndustryFintech / Crypto
The story
Founded 2013 as BitPagos, a bitcoin payments processor in Argentina. Rebranded to Ripio in 2017 and pivoted to a full-stack crypto exchange, wallet, and lending platform for LATAM. Since 2020 has evolved into a regional Crypto-as-a-Service infrastructure provider — offering B2B APIs, on/off-ramps, OTC desk, tokenization, and a Visa crypto card. Positions itself as the leading crypto infrastructure for Latin America.
Last 12 months
Product timeline
2013
Founded in Buenos Aires as BitPagos, a bitcoin payments processor· founding
2015
Acquired Unisend, adding exchange and trading services· acquisition
2017
Rebranded from BitPagos to Ripio and closed $1.9M Series A· pivot
2017
Raised $37M via ICO to build Ripio Credit Network· lending
2018
Rolled out crypto-powered peer-to-peer microloans across Argentina, Mexico, Brazil· lending
2022
SOC 2 Type 2 certified· compliance
2024
Launched Ripio Card — VISA crypto card with cashback· card
2025
Partnership with Taxbit for audit-ready crypto accounting· compliance
Regulated entities
6
regulatory licences held by Ripio
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Ripio’s embedded-finance stack
Payments / PSP
Ripio B2B Sell and Pay (self-operated)Ripio On/Off Ramp (self-operated)
Card network
in the full report
Lending
in the full report
FX & payouts
in the full report
Crypto
in the full report
Accounting gap: minor
6 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.