Lulubit: Seed Round Announcement

Lulubit, a leader in crypto-to-fiat ramps for Central America, has raised a $1.3 million seed round. Primary investors include Reverie and Lattice, with additional participation from Side Door Ventures and prominent Family Offices in Panamá and Guatemala. This round will accelerate Lulubit's mission to build essential financial infrastructure for the region.

Since closing its pre-seed round 12 months ago, Lulubit has achieved remarkable growth and market traction. The company has surpassed 50,000 users on its platform and nearly doubled its assets under management (AUM) in the last quarter alone.

Key milestones that underscore Lulubit’s momentum include:

• Growing User Adoption: More than 1,500 Lulucards are actively used every day for a wide range of transactions, from everyday purchases to tax and essential service payments.

• Expanding B2B Solutions: Lulubit has launched new business lines of service, enabling over 100 businesses to collect cross-border crypto payments.

• Strengthening Infrastructure: The company continues to add new networks and tokens, enhancing its capabilities as a comprehensive financial platform for the region.

  
  

"We are incredibly excited by the support we've received from our investors, who share our vision for financial inclusion in Central America, specially from the family offices who invested when we only had a project and now made a follow on investment" said Ianir Sonis, CEO. "This funding is a testament to the incredible traction we’ve built and our team’s dedication to providing reliable, user-friendly crypto access. We’re not just building a product; we’re building a bridge between TradFi and crypto."

About Lulubit

Lulubit is building the future of finance for Central America by creating seamless crypto-to-fiat ramps. With a focus on accessibility and user experience, Lulubit enables individuals and businesses to easily use, spend, and manage their crypto assets for everyday transactions.