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- Lemon raises $20 million Series B led by F-Prime and ParaFi to expand its Latin American crypto operations.
- Funding aims to double Lemon’s user base to ten million across Colombia, Mexico, Chile, and Brazil by 2026.
The Argentine cryptocurrency firm Lemon secured twenty million United States dollars in a Series B funding round. The investment groups F-Prime and ParaFi, both based in the United States, jointly led the financing. Other participants included DRW Venture Capital, Endeavor Catalyst, VanEck, and Persea VC. Alumni Ventures, Lambda Class, and Stani Kulechov also joined the round.
“We have had the opportunity to observe Lemon’s journey from a distance over the past few years: from being a gateway to the crypto world to offering DeFi products and card payments to millions of users. Ultimately, it’s clear that the vision is much broader: to leverage the best of the crypto ecosystem to redefine financial experiences across Latin America. We are excited to support Marcelo, Maxi, and the Lemon team as they take the next step on their journey.” — Juan Lopez, Van Eck VC
This capital infusion is designated for expansion. Lemon intends to grow its operations in Colombia, Mexico, Chile, and Brazil. The company also plans to strengthen its technological infrastructure. A primary objective is to double its user base within the next twelve months. The goal is to reach ten million customers across Latin America.
Levantamos una Serie B de 20 millones de dólares para seguir acercando crypto a millones de personas en América Latina.
Hoy somos la aplicación crypto con más usuarios activos en Argentina y en Perú. pic.twitter.com/Wn45jGjAYs
— Lemon Argentina (@lemonapp_ar) October 8, 2025
Lemon reports this investment represents the largest of its kind in the Latin American sector for the past three years. The firm currently holds a position in the retail markets of Peru and Argentina. It has a combined active user base of five million people. The company’s experience in Peru informs its expansion strategy. In that country, the Lemon application gained one million users and issued over 150,000 VISA cards in one year.
“The new financial system will be global and use crypto as its infrastructure. We have already created the gateway in Argentina and Peru; now we are going for all of Latin America,” – says Marcelo Cavazzoli, Founder and CEO of Lemon.
According to the company’s chief executive officer, the future financial system will be global and will use crypto as its infrastructure. The company sees it as important to maximize its Latin American operations within this context. For Lemon, the new investment validates its sustainable and scalable business model.
“We are going to be the crypto platform with the widest distribution on the continent, and that prepares us to bring the future of the internet to millions of people throughout Latin America,” adds Cavazzoli.
Beyond regional growth, Lemon is also involved in regulatory discussions concerning digital finance. In late July, the company hosted United States legislators at its offices in Buenos Aires. These lawmakers are involved with the GENIUS Act, a proposed law focused on regulating stablecoin issuers in the United States.
