Bitso Valuation, Funding & Investors

Bitso is valued at $2.2B as of May 2021.

See full Bitso profile

Last Bitso valuation

$2.2B

Series C · May 2021

Last Bitso funding round

$250M

Series C · May 2021

Cumulative funding Bitso raised

$315M

across 3 funding rounds

Key investors in Bitso

  • QED Investors
  • Pantera Capital
  • Kaszek
  • Cometa
  • Tiger Global
  • Coatue

Bitso Overview

About Bitso

Mexico City-headquartered Bitso serves as Latin America's leading cryptocurrency exchange. The platform supports trading of Bitcoin, Ethereum, and over 50 altcoins, with fiat on-ramps in local currencies across Mexico, Brazil, Argentina, Colombia, and El Salvador. Bitso enables mobile payments, remittances, and institutional custody services through its API integrations. Founded in 2014, the exchange processes millions in daily volume and partners with Mercado Pago for broader fintech accessibility in the region.


Founded

2014

HQ

MexicoMexico City

Website

bitso.com

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Valuation

$2.2B (May 2021)

Bitso Valuation

Bitso is currently valued at $2.2B, based on its Series C in May 2021. Read the announcement ↗

The $250M round was led by Coatue and Tiger Global, with participation from Pantera Capital, 1Sharpe Capital, Cometa, Kaszek, QED Investors and 5 other investors.

Bitso valuation by funding round

Bitso valuation by funding round
DateStageValuation
May 2021Series C$2.2B

Bitso Funding History

Bitso has raised a total of $315M across 3 funding rounds.

Bitso's first fundraising round was a $3M Series A in September 2016. The most recent completed round was a $250M Series C in May 2021.

Bitso funding rounds

Bitso funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2021Series CCoatue (lead); Tiger Global (lead); Pantera Capital; 1Sharpe Capital; Cometa; Kaszek; QED Investors; Invus Opportunities; Paradigm; Valor Capital Group; Bond; Base Partners$250M$2.2BBitso, Latin America's leading cryptocurrency exchange founded in 2014 and based in Mexico City, announced a $250 million Series C funding round on May 5, 2021, achieving a post-money valuation of $2.2 billion and becoming the region's first crypto unicorn. The round was co-led by Tiger Global and Coatue, with participation from new investors Paradigm, BOND, and Valor Capital Group, alongside existing backers QED Investors, Pantera Capital, and Kaszek. This funding followed a $62 million Series B in December 2020, bringing total known funding to approximately $316 million at the time. Bitso provides a regulated platform for buying, selling, holding, and transacting over 120 cryptocurrencies, targeting markets in Mexico, Brazil, Argentina, and beyond, with services including retail and institutional exchanges. By early 2021, the company had surpassed 2 million users—doubling from 1 million in under 10 months—while more than doubling assets under management in the prior five months and exceeding its full 2020 transaction volume in Q1 2021 alone. It also processed over $1.2 billion in international payments, including remittances, during 2020, claiming dominant market share with 95% in Mexico and over 60% in Argentina. The capital was earmarked for expansion, particularly in Brazil following a recent launch, and potential entry into other Latin American countries like Colombia, where it gained regulatory approval for fintech testing in January 2021. Bitso positions itself at the intersection of crypto and traditional finance to deliver low-cost, frictionless services to underserved populations.
Dec 2020Series BKaszek (lead); QED Investors (lead); Pantera Capital; Coinbase Ventures; Endeavor Catalyst; Bossa Invest$62M-Bitso, a Mexico City-based cryptocurrency platform founded in 2014, positions itself as the largest and most trusted crypto exchange in Latin America, holding over 95% market share in Mexico and expanding into Brazil and Argentina. It processes over $1 billion in remittances from the US to Mexico out of a $36 billion annual flow, offering more than just exchange services including cross-border capabilities and banking features for seamless crypto operations. The $62 million Series B round on September 12 or December 9, 2020, was led by Kaszek Ventures and QED Investors, with participation from existing investors Coinbase Ventures and Pantera Capital, bringing total funding to about $81 million including a prior $15 million Series A in 2019. New board members included Nigel Morris from QED and Nicolas Szekasy from Kaszek. Funds were earmarked for growth in Latin American markets, developing new crypto products for businesses and individuals launching in 2021, and powering its engineering team. Bitso had amassed over one million users by late 2020. This marked the first crypto investment for Kaszek and QED, who highlighted Bitso's strong team and exponential growth potential in disrupting traditional financial services.
Sep 2016Series AMONEXgroup (lead); VARIV; Cometa; Xochi Ventures; Digital Currency Group; FundersClub; Blockchain Tech LTD; Bitcoin Capital$3M--

Who has invested in Bitso?

22 investors have backed Bitso across its funding rounds, including QED Investors, Pantera Capital, Kaszek, Cometa, Tiger Global and Coatue.

Lead investors include Coatue, Tiger Global, Kaszek, QED Investors and MONEXgroup.


Bitso Investors

Investors in Bitso by funding rounds participated
InvestorHQRoundsRoleFirst check
Pantera CapitalUnited StatesSan Francisco, CA2ParticipantDec 2020
CometaMexicoMexico City2ParticipantSep 2016
KaszekBrazilSão Paulo2LeadDec 2020
QED InvestorsUnited StatesAlexandria, VA2LeadDec 2020
VARIVMexicoMexico City1ParticipantSep 2016
MONEXgroupCanadaToronto1LeadSep 2016
1Sharpe CapitalUnited StatesUnited States1ParticipantMay 2021
Coinbase VenturesUnited StatesSan Francisco, CA1ParticipantDec 2020
Xochi VenturesMexicoMexico City1ParticipantSep 2016
Digital Currency GroupUnited StatesStamford, CT1ParticipantSep 2016
Invus OpportunitiesUnited StatesNew York City, NY1ParticipantMay 2021
FundersClubUnited StatesSan Francisco, CA1ParticipantSep 2016
Endeavor CatalystUnited StatesNew York City, NY1ParticipantDec 2020

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Acquisitions by Bitso

Bitso has acquired 1 company to date.

Last acquisition by Bitso was on February 12th 2021. Bitso acquired Quedex for undisclosed valuation.


Latest Acquisitions by Bitso

Quedex
Description
Quedex is a Gibraltar-regulated cryptocurrency derivatives exchange offering Bitcoin-denominated futures and options on BTC/USD. Launched in 2018, it supports leveraged trading up to 20x with a matching engine processing 100,000 orders per second. The platform emphasizes non-custodial trading via multisig wallets and integrates with Lightning Network for instant settlements. Based in Gibraltar, Quedex serves institutional traders seeking volatility hedging in digital assets.
HQ CountryGibraltar
HQ City
Gibraltar
Deal Date12 Feb 2021
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Investments by Bitso

Bitso has invested in 6 companies to date.

Latest investment by Bitso was on May 18th 2026. Bitso invested in Checker in their $8M Seed round.


Latest Investments by Bitso

Checker
Latitude
BlindPay
XFX
Description
Checker provides infrastructure for the next generation of securities, money, and digital value.
Latitude is a global payments system linking stablecoin-based settlement to local currency payout systems.
BlindPay is a developer-focused fintech platform offering virtual U.S. bank accounts with domestic routing and account numbers for international businesses. Launched in 2023, it enables instant ACH transfers, wire receipts, and payouts with KYC compliance at under 1% fees. Headquartered in Delaware, it powers SaaS companies in Europe and Latin America.
-
HQ CountryUnited StatesUnited StatesUnited States-
HQ City
New York City, NY
Houston, TX
San Francisco, CA
-
Deal Date18 May 202630 Mar 20267 Aug 202517 Jun 2025
RoundSeedSeedSeedSeed
Raised$8M$8M$3M$9M
InvestorsBreed; Galaxy Ventures; Pharsalus Capital; Velocity Ventures; Cerulean; DFS Lab; Al Mada Ventures; Airtm; Framework Ventures; Aquanow; IGNIA; SNZ HoldingSolana Foundation; New Enterprise Associates; Coinbase Ventures; Faction; PaxosCaetano Lacerda; Acacia Venture Capital Partners; Y Combinator; Raphael Dyxklay; Jawed Karim; 468 Capital; Transpose Platform ManagementHaun Ventures; Castle Island Ventures; Coinbase Ventures; Oak HC/FT; MAYA Capital; Paxos
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Bitso Competitors

Bitso competitors include listed companies like Sharplink and Securitize, and private ones like 1inch, Story Protocol, CoinDCX and Mercado Bitcoin.

Public and private companies comparable to Bitso
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
1inchUAEUAEPrivate--$2.3B-
Story ProtocolUnited StatesSeattle, WAPrivate--$2.3B-
CoinDCXIndiaMumbaiPrivate$141M-$2.1B15.2x
Mercado BitcoinBrazilSão PauloPrivate--$2.1B-
SharplinkUnited StatesUnited StatesPublicly listed$28M($734M)$1.8B39.9x
SecuritizeUnited StatesUnited StatesPublicly listed$62M($34M)$1.5B22.2x

Bitso Public Comps

Bitso is still privately-owned, but its public comps include Sharplink, Securitize, Hyperliquid Strategies, OSL Group, HashKey Holdings, BitGo Holdings, Indokripto Koin Semesta, Rhino Bitcoin, Stewards and Galaxy Digital.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Sharplink$28M($734M)61.9x39.9x(2.4x)141.1x
Securitize$62M($34M)25.5x22.2x(46.0x)(37910.8x)
Hyperliquid Strategies$9M-308.0x162.2x--
OSL Group$62M($48M)16.6x11.3x(21.7x)(23.2x)
HashKey Holdings$92M($109M)6.4x-(5.4x)-
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
Indokripto Koin Semesta$16M$7M36.9x-81.1x-
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-

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Common questions about Bitso

When was Bitso founded?Bitso was founded in 2014.
Where is Bitso headquartered?Bitso is headquartered in Mexico City, Mexico.
Is Bitso publicly listed?No, Bitso is a private, VC-backed company.
What is Bitso's valuation?Bitso was last valued at $2.2B in its Series C in May 2021.
How much funding has Bitso raised?Bitso has raised $315M across 3 funding rounds.
What was Bitso's last funding round?Bitso's last funding round was a $250M Series C in May 2021, led by Coatue and Tiger Global.
Who are Bitso's investors?Bitso's investors include Pantera Capital, Cometa, Kaszek, QED Investors, VARIV, MONEXgroup, 1Sharpe Capital, Coinbase Ventures, Xochi Ventures, Digital Currency Group and 12 others.
Which companies are comparable to Bitso?Companies comparable to Bitso include 1inch, Story Protocol, CoinDCX, Mercado Bitcoin, Sharplink and Securitize.
How many companies has Bitso acquired?Bitso has acquired 1 company, including Quedex.
How many companies has Bitso invested in?Bitso has invested in 6 companies, including Checker, Latitude, BlindPay, XFX, New Era Technology and Coin Center.
What was Bitso's last investment?In May 2026, Bitso invested in Checker's $8M seed round alongside Breed, Galaxy Ventures, Pharsalus Capital and 9 other investors.

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