Galactic Holdings, today announced a $10 million private pre-A investment round. The investment was led by BAI Capital, with participation from Animoca Brands Y2Z Ventures, Longling Capital, Head & Shoulders, TKX Digital Group, Perseverance Capital, Palm Drive Capital, etc.
This round further cements Galactic Holdings’ position as an industry leader in LATAM, being one of the few cryptocurrency companies to achieve this milestone during the current bear market cycle. In addition, it demonstrates the confidence that investors have in the vision and work of the group in the last 3 years.
The successful close of this Pre-A fundraising round will allow the company to focus on continually expanding its team, developing innovative products, and ensuring compliance with all regulations necessary to provide a safe and reliable experience for its users.
Galactic Holdings, a leading cryptocurrency ecosystem in Latin America, has announced a $10 million USD Pre-A private investment round. The investment was led by BAI Capital, with participation from Animoca Brands Y2Z Ventures, Longling Capital, Head & Shoulders, TKX Digital Group, Perseverance Capital, Palm Drive Capital, etc. This round further cements Galactic Holdings’ position as an industry leader in LATAM, being one of the few cryptocurrency companies to achieve this milestone during the current bear market cycle. In addition, it demonstrates the confidence that investors have in the vision and work of the group in the last 3 years. According to a report by Chainalysis, Latin America now has a very important role in the global cryptocurrency market, with the region ranked as the seventh largest crypto market in the world as of 2022. The report also reveals that citizens of Latin American countries they received $562.0 billion in cryptocurrency between July 2021 and June 2022, indicating a growing interest in cryptocurrencies in the region. The increase in adoption of crypto assets in Latin America can be attributed to several factors, including high inflation rates, limited access to traditional banking services, and a large population of the unbanked. In this context, by offering an all-in-one ecosystem for cryptocurrency transactions, including a cryptocurrency wallet (TruBit Wallet), a cryptocurrency exchange (TruBit Pro) and a stablecoin (digital currency), Galactic Holdings aims to make that the access and use of cryptocurrencies is easier and simpler for users, either for trading purposes, remittances or as a payment method. “With the continuous growth of the cryptocurrency market in Latin America, our goal is to build a solid and complete infrastructure in LATAM, so that mass adoption in the traditional world can benefit from the world of cryptocurrencies more conveniently and quickly,” he said. Maggie Wu, CEO and co-founder of Galactic Holdings. “Over the past three years, we have established a strong foundation in Mexico, and this Pre-A fundraising private investment round will continue to support our expansion into other Latin American countries, such as Argentina, Brazil, Colombia and Venezuela. Our mission is to allow all users to enter and exit the world of cryptocurrencies with the lowest threshold and, at the same time, be able to truly use cryptocurrencies in their daily lives.” Galactic Holdings recently integrated bank transfers, credit cards and debit cards as payment methods, thus becoming the most complete cryptocurrency platform in Mexico that operates within the established legal and regulatory framework. The company has successfully closed a Pre-A fundraising round that will allow it to focus on continually expanding its team, developing innovative products, and ensuring compliance with all regulations necessary to provide a safe and reliable experience for its users. “We have always believed that cryptocurrencies have great potential in the Latin American market. Thanks to the confidence of our investors in our vision and development plan, we are committed to working hard to offer the best experience to our users and continue to grow together in the future,” concluded Maggie Wu.
About Galactic Holdings:
Galactic Holdings is the first complete digital finance ecosystem with the vision of empowering people in LATAM with comprehensive financial services. Galactic Holdings offers a number of digital cryptocurrency products including a TruBIt Wallet digital wallet, a TruBIt Pro cryptocurrency exchange, and a stablecoin (digital currency). Maggie Wu, CEO and Co-Founder of Galactic Holdings, is on a mission to take the LATAM cryptocurrency market to a whole new level.
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