Which Argentinian start-up has been chosen by the main funds in England and the United States?

Marcelo Cavazzoli obtained his computer engineering degree at UBA and thanks to his frequenting this environment of “nerds”, as he defines it, he founded his own start-up. Cavazzoli is 29 years old and has joined as a partner Borja Martel, 24 years old. Together they created Lemon Cash in full pandemic.

He is still moved when he remembers that when they wanted to go, they couldn’t convince relatives and friends. That’s why they called him Lemon. What is certain is that they started from zero with the platform of a sector that is growing in importance: that of crypto-currencies.

And in just one year they have collected 60 thousand customers. In recent weeks, through emails, WhatsApp and the thrust of the entrepreneurial ecosystem that facilitates contacts and arrivals, they have managed to capture US $ 16.3 million to be launched in the region.

Tim Drapper, the tech guru and millionaire who is all one celebrity in his native United States, was one of those who contributed several million in a round led by Kingsway Capital, a major UK investment fund. Another was Andrés Bilbao, the founder of Rappi.

Global investors such as Brazilian Valor Capital, Cadenza Ventures, Trampoline Venture Partners, Coinbase Ventures and Argentinian bank Supervielle have also joined us. It is the most important investment for a fintech.

The particularity of Lemon Cash is that it allows use critical parts in real life. That is, convert them to pesos and apply them to payments or purchases. It works like a digital wallet. And it has an alliance with Visa to use cryptocurrencies in 60 million businesses around the world.

In Argentina of stocks, cryptocurrencies are finding fertile ground, as they are a shortcut to access currency.

With Lemon Cash, they came up with an easy way to use crypto assets: through a multi-currency account, with the ability to exchange funds in pesos, bitcoin, ethers and even Tether, a currency at par with the dollar. There they say Argentina is at the forefront of the region in blockchain technology and one finds exceptional developers here. Hence the challenge of growing up in the region. They land in Peru, Chile, Colombia, Uruguay and Ecuador. In all cases, the process begins with requests for authorization to operate.

Cavazzoli believes that cryptocurrencies with its blockchain technology system are producing a technological revolution similar to that of the birth of the Internet. “When I finished university in 2013, the Bitcoin valia US $ 100It is true that it has volatility but today it is used by 106 million people who buy a piece of the future. A universe is created parallel to financial transactions. It has only just begun, ”he enthuses. Bugle.