Settle Network operates the largest digital assets settlement network in Latin America, facilitating programmatic interoperability between traditional and digital currencies for exchanges and cross-border payments. Its Latamex platform serves as a fiat-to-crypto gateway, enabling users to buy and sell cryptocurrencies using local currencies while ensuring compliance and liquidity across the region.
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.
Founders
Product
Problem
Exchanges and payment platforms in Latin America face challenges in achieving seamless interoperability between traditional fiat currencies and digital assets due to fragmented financial infrastructure and regulatory complexities. This makes it difficult for users to easily convert between local currencies and cryptocurrencies, hindering the growth of the digital asset ecosystem in the region.
Solution
Settle Network provides a digital asset settlement network that facilitates interoperability between fiat and digital currencies in Latin America. Through its Latamex platform and Ping, Settle Network offers fiat-to-crypto on/off ramps, enabling users to buy and sell cryptocurrencies using local currencies and send USD payments. The platform provides crypto liquidity and compliance features, allowing web3 exchanges, wallets, and dApps to expand operations in Latin America. Settle Network also offers solutions for payment of services, mobile phone top-ups, and digital pins for gaming and streaming platforms.
Target Audience
The primary target audience includes cryptocurrency exchanges, wallets, dApps, and businesses operating in Latin America that require fiat-to-crypto on/off ramps and cross-border payment solutions. It also targets remote workers and freelancers in emerging markets.
Features
- Fiat-to-crypto gateway enabling users to buy and sell cryptocurrencies with local fiat currencies
- Payment platform (Ping) for generating invoices and receiving USD payments, deposits, and international transfers
- Integration with local payment services for electricity, water, gas, internet, and telephony
- Support for mobile phone top-ups, television, and prepaid electricity
- Digital pins for gaming and streaming platforms
- Compliance features ensuring adherence to local regulations
- Crypto liquidity provision for exchanges and dApps