El Dorado Raises $9M in Series A Led by Paradigm for Latin American Cross-Border Payments

According to The Block, Latin American cross-border payments app El Dorado completed a $9 million Series A round led by Paradigm, with participation from Coinbase Ventures and Verda Ventures. The platform has over 100,000 active users and has processed more than 5 million transactions, with a focus on underserved corridors such as Brazil-Bolivia. El Dorado also launched an enterprise cross-border payment service integrating stablecoins and fiat channels, serving over 100 companies primarily for importing electric vehicles from China.
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