El Dorado is a mobile super‑app that gives Latin American consumers and small businesses a USD‑denominated digital wallet, a Visa‑compatible international card, and a peer‑to‑peer exchange for converting local currencies to digital dollars at market‑best rates. Users can fund the wallet via local payment methods, ACH/wire, or USDT, then pay online, in‑app, or with QR codes (including Brazil’s PIX) and also buy, hold, and transact with crypto, all within a single app.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
2OMCFounders
Product
Problem
Latinoamérica enfrenta altas fees, poor exchange rates, and limited access to USD‑denominated accounts, making cross‑border payments, online purchases, and crypto transactions costly and cumbersome.
Solution
El Dorado offers a mobile super‑app that provides a USD digital wallet, a Visa‑compatible international card, and a peer‑to‑peer (P2P) exchange platform. Users can fund their wallet via local payment methods, ACH/Wire, or USDT on Arbitrum/Tron, then instantly convert local currencies to digital dollars at the market’s best rates. The card enables direct USD payments online, in‑app, or via Apple/Google Pay, and supports QR‑based payments (including Brazil’s PIX) across multiple Latin American markets. The P2P marketplace lets users buy and sell digital dollars using over 80 local payment options, reducing spreads and fees. All services are delivered through a single app, eliminating the need for multiple bank accounts or crypto exchanges.
Target Audience
Primary users are consumers and small businesses in Latin America who need affordable cross‑border payments, USD‑based spending, and crypto access, as well as freelancers and digital creators receiving funds from platforms like PayPal, Wise, or OnlyFans.
Features
- USD‑denominated digital wallet with ACH, wire, and USDT (Arbitrum/Tron) funding options
- Visa International card (physical and virtual) usable online, in‑app, and with Apple/Google Pay
- QR‑code payments, including Brazil’s PIX, for local‑style transactions in Argentina, Bolivia, Peru, etc.
- P2P exchange offering the best market rates and over 80 local payment methods for buying/selling digital dollars
- Instant conversion from local currencies to digital dollars with transparent pricing and no hidden fees
- Integrated crypto support for buying, holding, and transacting with major tokens without requiring a separate exchange
- Secure, fintech‑managed platform (non‑bank) with compliance and fraud protection mechanisms