According to ChainCatcher, Puntored, a fintech company that provides cross-border transactions on the blockchain, announced that it has completed a $2 million financing round, with the Stellar Development Foundation participating in the investment through its Stellar Enterprise Fund.
Puntored will use the new funding to expand its technological capabilities and enable reliable cross-border transactions in Latin America through the Stellar blockchain network, primarily 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.