Latin American digital finance company Galactic Holdings has completed a $6.25 million Series A funding round, led by Galaxy Interactive and Dragonfly

ChainCatcher news, according to Cointelegraph, Latin American digital finance company Galactic Holdings announced that it has recently completed a Series A financing round, raising a total of $6.25 million. The financing was led by Galaxy Interactive and Dragonfly, with participation from several institutions including SHK. The funds will further promote the development of Galactic Holdings' sub-brands such as the TruBit wallet, TruBit Pro exchange, and the Mexican stablecoin MMXN in the Latin American market, while accelerating the expansion of cross-border payment services in other countries.

Currently, TruBit has successfully established compliant channels for three major fiat currencies: Mexico, Argentina, and Brazil, providing users with the service to buy and sell cryptocurrencies directly through bank transfers; the company has also launched a Mastercard cryptocurrency prepaid card, covering a comprehensive range of digital financial solutions including local and cross-border payments, spot and contract trading, as well as large-scale over-the-counter transactions.

According to the crypto data platform RootData, in April 2023, Galactic Holdings announced the completion of a $10 million Pre-A financing round. This round was led by BAI Capital, with participation from Animoca Brands, Y2Z Ventures, Longling Capital, Head & Shoulders, TKX Digital Group, Perseverance Capital, and Palm Drive Capital.