Cryptocurrency fintech company Lemon has completed a $20 million Series B funding round, led by F-Prime and ParaFi

ChainCatcher news, according to Fintech Futures, Argentina-based crypto fintech company Lemon has completed a $20 million Series B funding round, led by F-Prime and ParaFi, with participation from DRW Venture Capital, Van Eck, Persea VC, Alumni Ventures, and Lambda Class.

The platform plans to expand into Latin American markets such as Colombia and Mexico, aiming to increase its user base from 5 million to 10 million within the next 12 months. Lemon was founded in 2019 and offers digital asset trading, payment services, and Visa crypto debit card services. After this round of funding, the total amount raised reaches $66 million, and the platform expects to handle a total transaction volume of $9.3 billion by 2025, with over $16 billion in user assets under custody.