Lemon Cash CEO expects more fintech layoffs in LatAm amid its own

11/25 00:50

According to TheBlock, Argentina-based crypto app Lemon Cash has laid off about 100 people, 38% of staff, marking the latest round of cuts in the region. Lemon Cash also revealed today that it closed a $27.8 million extension of its Series A funding round this year, bringing the total size of the round to $44 million. Firms including DST Global, Valor Capital, GoodWater Capital, CMT Digital and Cadenza participated. The company now has runway for three years, Cavazzoli said.

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