Colombia’s El Dorado Raises $9 Million Series A to Expand Cross-Border Payments Across Latam

El Dorado has closed a $9 million Series A led by Paradigm, with participation from Coinbase Ventures and Verda Ventures, as it pushes deeper into cross-border financial infrastructure in Latin America. For high-risk payment teams, the relevant bit is not just the funding headline: the company is pairing that round with a new product for globally operating businesses.

1. El Dorado says the round gives it fresh capital to keep expanding its payments infrastructure across the region. The company has spent the last four years building tools aimed at fixing long-standing inefficiencies in Latin America’s financial ecosystem, and this round marks a new phase in that effort.
2. According to cofounder and CEO Guillermo Goncalvez, El Dorado has grown from zero to 100,000 users moving money across 12 countries in four years. He said the next decade will be “100 times” that scale. The company also says it has processed more than 5 million transactions, with about half involving cross-border activity.
3. Paradigm’s Ricardo de Arruda said Latin America has “the largest organic adoption of stablecoins in the world,” and described El Dorado as a payments app that puts stablecoins to work for consumers sending money home and for businesses operating across borders. That framing matters because it places the company squarely in the overlap between remittances, cross-border commerce, and crypto-native payment flows.
4. The company says Latin America is a $7 trillion economy that generates more than $1 trillion in cross-border transactions each year. It also points to the usual pain points in legacy financial rails: high fees, long settlement times, and limited banking access. That is the operating environment El Dorado is trying to attack.
5. The funding announcement coincides with the launch of El Dorado Business, a new multisig account for digital companies managing funds internationally. Built on Tempo’s infrastructure, the product is aimed at helping companies handle global transactions.

For PSPs, acquirers, and banking partners, the combination is familiar: cross-border payments, stablecoins, and business accounts in one package. That usually means more moving parts on compliance, settlement, and counterparty risk — which is exactly where the real commercial decision sits.