Ripio, previously known as BitPagos, has secured $1.9 million in funding for expansion in South America; the firm's Series A funding investors included Huiyin Blockchain Venture, Digital Currency Group, Boost VC and Draper VC; the company was founded in Buenos Aires, Argentina and will use the funding for expansion to Brazil and Mexico; currently the firm offers bitcoin and digital wallet services; it targets underserved banking consumers through its wallet app which also aggregates data for microloan approvals. Source
According to Ripio executives, this partnership will allow users of both fintechs to buy and sell cryptocurrencies directly in their respective apps.