Latin American payments platform El Dorado has secured $9 million in Series A funding led by Paradigm, with participation from Coinbase Ventures and Verda Ventures, as investors increasingly focus on cross-border payment infrastructure and stablecoin-based settlement networks. The funding comes as demand grows for faster and lower-cost international money transfers across Latin America, a region where businesses and consumers continue to face fragmented banking systems and expensive remittance channels.
Founded in 2022, El Dorado operates a payments platform that enables cross-border transfers across several Latin American markets. The company says it has surpassed 100,000 active users and processed more than five million transactions across 12 countries. Its footprint includes Argentina, Brazil, Colombia, Bolivia, Ecuador, Costa Rica and the Dominican Republic, among others.
Four years ago, we started @eldoradoio to fix one thing: moving money across borders should be as easy as sending a message.
Today, I’m proud to share that El Dorado has raised a $9 million Series A led by @paradigm, with participation from @cbventures and @VerdaVentures. pic.twitter.com/ShuPDbNn0s
— Guille Goncalvez (@stablecoing) June 15, 2026
Funding Overview
The Series A round was led by crypto-focused investment firm Paradigm, while existing digital asset investor Coinbase Ventures and venture capital firm Verda Ventures also joined the financing.
According to company statements, the capital will support the expansion of El Dorado’s payments infrastructure and business-focused services across Latin America. The company is also expected to invest in compliance, transaction processing capabilities, and new payment corridors that remain underserved by larger financial institutions.
Key Facts
- Funding raised: $9 million Series A
- Lead investor: Paradigm
- Other investors: Coinbase Ventures, Verda Ventures
- Founded: 2022
- Active users: More than 100,000
- Transactions processed: Over 5 million
- Markets served: 12 Latin American countries
- Focus: Cross-border payments and business settlement services
Company Expands Beyond Consumer Transfers
While El Dorado initially focused on consumer payment flows, the company has recently expanded into business payments. Its new enterprise platform combines fiat and stablecoin settlement rails within a single application and supports multi-signature and multi-organization account management features.
The company says it has already onboarded more than 100 business customers. One emerging use case involves companies importing electric vehicles from China into Latin American markets, highlighting growing demand for international settlement tools outside traditional banking channels.
El Dorado’s enterprise infrastructure is built on Tempo, a payments-focused blockchain network incubated by Paradigm and Stripe. The network was designed specifically for stablecoin-based transactions and cross-border settlement use cases.
Why Investors Are Paying Attention
The investment reflects growing interest in payment corridors that receive less attention from global fintech companies. While major providers have concentrated on large markets such as Mexico and Brazil, smaller economies including Bolivia, Paraguay, Ecuador and Peru often face limited access to efficient international payment services. Beyond payments infrastructure, Paradigm has also been associated with emerging sectors such as Paradigm prediction market initiatives, reflecting the firm’s broader interest in blockchain-based financial applications and next-generation digital asset platforms.
El Dorado’s management estimates that Latin America’s broader cross-border payment market approaches $1 trillion annually when trade and business transactions are included. The company argues that business-to-business payments tied to imports and exports represent a significant share of that activity.
Market Context: Stablecoins Move Into Mainstream Payments
The funding round arrives amid wider efforts to integrate stablecoins into real-world payment infrastructure. Financial technology firms and blockchain developers are increasingly promoting stablecoin networks as alternatives to traditional correspondent banking systems, which can involve high fees, multiple intermediaries and settlement delays.
Latin America has emerged as a particularly active market due to currency volatility, demand for dollar-denominated assets and persistent inefficiencies in cross-border transfers. As regulatory frameworks for digital assets continue to evolve globally, investors are betting that payment-focused infrastructure providers could become key beneficiaries of broader stablecoin adoption. Recent regulatory debates have also drawn industry attention, with Hyperliquid and Paradigm challenging proposed U.S. anti-money laundering rules, arguing that the measures could hinder innovation and place excessive compliance burdens on the crypto industry.
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