Brazilian Fintech Company Capitual Partners With Azimut to Offer Crypto Services in European Markets – Fintech Bitcoin News

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The deal, which includes an investment of €15 million (about $16.2 million) will allow Capitual to extend its services from Brazil to European countries.

Brazilian Fintech Company Capitual Partners With Azimut to Offer Crypto Services in European Markets

The expansion would also contemplate Capitual establishing presence in Mexico and offering its services there. Customers of the firm include several exchanges like Kucoin, Huobi, and Bitget, that trust the company to route its payments and withdrawals using Brazil’s traditional banking system. We want to replicate the product we have in Brazil in other countries, serving our partners in other jurisdictions as well. The idea is to become a center of blockchain technology in these markets.The two companies aim to complement each other’s activities, with Azimut taking advantage of the company’s expertise in dealing with cryptocurrency and blockchain, and Capitual gaining from Azimut’s know-how in traditional finance and regulatory compliance in these new markets.

 

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