According to Techub News, LatamList reported that Puntored, a financial technology company based on Stellar, has completed a $2 million financing. The Stellar Development Foundation participated in the investment through its Stellar Enterprise Fund. This round of financing will be used to expand its technical capabilities and realize cross-border transactions in Latin America through the Stellar blockchain network.
Puntored is a Colombian-based fintech company exploring digital wallets, enterprise embedded payment services, and SME credit to provide financial transaction services to users in rural, metropolitan, and remote areas in Mexico, Colombia, and Puerto Rico.