Galactic Holdings Closed a Successful Series a Funding Round of $6.25 Million USD to Boost the Crypto Ecosystem in Latin America

MEXICO CITY, MEXICO and BUENOS AIRES, ARGENTINA / ACCESSWIRE / November 7, 2023 / Galactic Holdings, the parent company of TruBit , Latin America's leading cryptocurrency platform, has successfully concluded its Series A financing round, securing a total of $6.25 million in funding. The round was led by Galaxy Interactive and DragonFly, with the participation of SHK. This successful fundraising effort not only reinforces the company's position as a key player in the digital currency ecosystem but also paves the way for accelerated expansion in the Latin American market and the development of TruBit Business landscape.

"With gratitude for our investors' unwavering support, we are committed to further expanding our presence in more Latin American countries, with the goal of making crypto services accessible to everyone for their daily needs, in the simplest, most convenient way." stated Maggie Wu , CEO and co-founder of TruBit.

Galactic Holdings is offering a suite of products that seamlessly bridge the gap between fiat and cryptocurrencies. Among its offerings are TruBit, a fully compliant cryptocurrency platform that provides convenient fiat on-and-off ramps and payment solutions for users in Mexico, Argentina and Brazil. In addition, there's also TruBit Pro, an advanced trading exchange, and Moneta (MMXN), a stablecoin pegged to the Mexican peso.

Since 2020, Galactic Holdings has been committed to collaborating with Latin American authorities to ensure adherence to regulatory guidelines, with a strong emphasis on user safety and reliability. This dedication has led to three pivotal milestones, integrating with Mexico's financial authorities to facilitate electronic transfers and with Brazil's PIX payment system and enabling transfers using Argentina's Unique Virtual Code (CVU). Consequently, TruBit has the largest crypto trading volume in LATAM, with daily trading volume exceeding 150 millions USD.

The latest funding round, led by Galaxy Interactive and DragonFly, not only underscores Galactic Holdings' confidence in their ability to provide comprehensive crypto services and innovative solutions in LATAM but also highlights the trust they've earned from investors. This marks the company's latest successful funding round, following their previous $10 million pre-A investment round not long ago.

With the support of investors and partners, Galactic Holdings is committed to expanding its presence in Latin America. The company will continue to build strong teams and nurture talent in Mexico, Argentina, Brazil, Colombia, and more, enhancing its ability to effectively serve both retail and institutional users. Furthermore, Galactic Holdings is actively pursuing the expansion of the TruBit ecosystem, including the introduction of OTC services and other crypto solutions specifically designed to address the pain points of both retail and institutional users globally. These solutions encompass local payments, cross-border payments, and remittances.

The future promises innovation and growth as Galactic Holdings strives to make a lasting impact on the cryptocurrency and financial services landscape.

To learn more about Galactic Holdings or to explore TruBit's array of products and services, visit www.trubit.com .

About Galactic Holdings

Galactic Holdings is the first and complete digital finance company with the vision to empower people in LATAM with comprehensive crypto services. Galactic Holdings offers a series of digital crypto products including a crypto wallet TruBit Wallet , a crypto exchange TruBit Pro , and Mexican Peso pegged stablecoin MMXN .

About TruBit

One crypto ecosystem for all your needs. TruBit simplifies entry into the cryptocurrency market for enthusiasts and users by offering an effortles wallet, TruBit, and comprehensive exchange, TruBit Pro. Among the very few platforms that provide compliant fiat on-and-off ramp services in Mexico, Argentina and Brazil, TruBit remains dedicated to delivering convenient, secure, and comprehensive crypto services for all Latin American users.

Press Contact For any inquiries, please contact jane.luo@galactic.holdings or roberto.femat@galactic.holdings.

SOURCE: Galactic Holdings