Acquires Argentine-based Crypto Platform SeSocio to Increase Its Presence in Latin America

UTC by Tolu Ajiboye · 3 min read Acquires Argentine-based Crypto Platform SeSocio to Increase Its Presence in Latin America
Photo: Unsplash is looking to solidify its visibility in the South American region and has incorporated SeSocio to do that.

As part of a bigger plan to expand its presence in Latin America, leading financial services company has acquired SeSocio. The latter is a respectable crypto company based in Argentina, with a presence in Spain, Peru, Chile, Colombia, and Mexico. These countries are some of the regions that is looking to penetrate via the acquisition. The company also wants offices in Argentina and Brazil, South America’s largest countries by land area. issued a statement regarding the deal on Tuesday:

“With its largest acquisition to date, accelerates its rapidly growing footprint across Latin America, armed with a team committed to crypto adoption across the continent.”

Although the amount of the acquisition was not revealed in the official publication, a report specified the sale sum as $100 million. Meanwhile, other sources simply suggested that the acquisition represents’s most prominent acquisition so far.

In addition, pursuant to the deal, SeSocio 100 employees will immediately join, increasing the company’s global headcount to 400. Furthermore, also intends to bring job opportunities to the region by adding local talent to its workforce.

Both CEOs of and SeSocio Express Optimism at the New Development stated that this expansion will focus on providing better access to crypto-related financial services for the region’s unbanked and underbanked customers. Peter Smith, chief executive officer at, intimated that the South American continent presented a veritable breeding ground for numerous crypto-centric opportunities. In his own words:

“Latin America presents one of the largest growth opportunities in crypto over the coming decade. Millions have already seen inflation at its worst, new currencies emerge out of thin air, and experienced political instability – creating a favorable environment for crypto. With the SeSocio team, we aim to provide every Latin American with access to a global crypto platform.”

According to, crypto offers a safe and easily accessible gateway to other financial services. The platform also believes that this is effective for those who find it difficult to pay for everyday services. Some of these services include e-commerce purchases and subscriptions.

SeSocio co-founder and chief executive officer Guido Quaranta also weighed in on his company’s merger with Quaranta extolled SeSocio’s efforts in building the Latin American market. He also described his company’s internal growth as commendable and expressed optimism at collaborating with

About SeSocio

Quaranta founded SeSocio with Gastón Krasny back in 2017 as a personal finance application. Part of its services includes providing users with an avenue to buy, sell, hold and manage their investments – crypto investments included. The company’s website lists more than 45 supported digital currencies, including Bitcoin (BTC) and Ethereum (ETH). Furthermore, media reports state that SeSocio has so far raised over $11 million in multiple funding rounds.

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Tolu Ajiboye
Author Tolu Ajiboye

Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge. When he's not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.

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