Blockchain.com has acquired SeSocio to strengthen its presence in Latin America

Blockchain.com has acquired SeSocio, a large cryptocurrency company from Argentina, to strengthen its presence in Latin America. We read more about it in today’s blockchain news.

When Blockchain.com acquires SeSocio, around 100 of its employees will join the blockchain company, bringing the global workforce to 400.

The large crypto wallet and data company is expanding in Latin America after acquiring the Argentina-based crypto company. Of course, SeSocio is one of the largest investment platforms in Latin America that will now merge with Blockchain.com to help them scale their activities in the region. As part of the acquisition, 100 SeSocio employees will move to Blockchain.com.

Together, the company will focus on delivering crypto-based services to non-bank and non-bank banks in the region or in countries where Blockchain.com operates, including Mexico, Colombia, Chile and Brazil. The UK-based company also plans to build a physical presence in the country by opening new offices and hiring some local talent. The companies did not disclose the amount of the acquisition, but Sesocio is blockchain.com’s largest acquisition to date, according to the announcement.

Founded in 2017 by Guido Quaranta and Gaston Krasny, SeSocio is a personal finance app that allows users to hold, buy and manage their investments in cryptocurrencies. According to the company’s website, SeSocio supports more than 45 cryptocurrencies such as ether, bitcoin, etc. According to reports, the company has raised more than $ 11 million in just a few funding rounds. According to Peter Smith, CEO of Blockchain.com, Latin America offers one of the greatest growth opportunities in the next decade as millions of people are already experiencing the worst of currency inflation.

This acquisition is in line with blockchain.com’s global expansion ambitions as the company begins acquiring companies like AiX, an artificial intelligence company. Blockchain.com is also one of the biggest players in the crypto industry with a valuation of $ 5.2 billion.

As recently reported, Blockchain.com, one of the largest providers of cryptocurrency solutions, is moving from New York to Miami for strong growth over the next several years. The company plans to hire 300 full-time employees in the area next year, and the news comes a day before the city’s largest BTC conference is held. The Mayor of Miami, Francis Suarez, announced this at City Hall along with CEO Peter Smith. He stated that the move is not only promoting local jobs, but also an investment in the local tech community through education.