TechFlow News, Nov. 6 — According to an announcement by Takenos, Latin American stablecoin financial platform Takenos announced on Nov. 4 that it had raised an additional $7 million in its seed round, co-led by North Island Ventures and Road Capital Management, with participation from existing investors Variant, Lattice, and Reverie. The funding brings the company’s total raised to $12 million.

Takenos said the new funds will support its expansion into more than 15 Latin American countries by 2027, including obtaining local licenses, building payment infrastructure, expanding its enterprise API business, launching new products, and hiring. The company currently operates in six Latin American countries and processes more than $5 billion in annual transaction volume.