What El Dorado does

El Dorado is a Colombia-founded cryptocurrency payments SuperApp targeting cross-border money movement across Latin America. The company operates a peer-to-peer marketplace where users buy and sell stablecoins (primarily USDT) directly with one another, with real-time settlement on multi-chain infrastructure (TRON and Arbitrum) and Tempo-provided stablecoin rails. Settlement is bridged into local fiat via direct integrations with Brazil's PIX and Mercado Pago, and the platform extends into a digital USD bank account, an El Dorado Visa prepaid card issued by Lead Bank (program manager: Bridge Ventures LLC), QR payments in Argentina/Brazil/Peru/Colombia/Bolivia, a Crypto wallet, and a referral-based Earn program. El Dorado Business, announced in June 2026, adds multiuser accounts and real-time settlement for enterprise cross-border payments. El Dorado holds a Virtual Asset Service Provider (PSAV) registration with Argentina's CNV (No. 63, August 5, 2024) and ISO 27001 certification, and operates across 12 LATAM countries.

The company monetizes exclusively via usage-based transaction fees: tiered P2P commissions of 0.24%–0.49% (decreasing with transaction size) and withdrawal fees starting at $0.49. There is no subscription or seat-based pricing. Go-to-market is product-led and community-led — a mobile-first self-serve onboarding flow (iOS, Android, and web) with no minimum deposit requirements, amplified through viral referral mechanics and earned media (Forbes, Bloomberg Linea, CoinDesk, MIT Technology Review, Ámbito). El Dorado has raised $12M total across a $3M seed round (May 2024, led by Multicoin Capital and Coinbase Ventures) and a $9M Series A (June 2026, led by Paradigm with Coinbase Ventures and Verda Ventures), with additional participation from Berkeley SkyDeck Fund, Flori Ventures, Awesome People Ventures, and Seedstars. Reported scale metrics include 400K–1M+ registered users, 100K+ active monthly users, and 3M+ cumulative P2P operations since the January 2023 launch, serving primarily individual consumers (remittance and savings) and, increasingly, SMBs with cross-border payment needs.

Name

El Dorado

Legal name

EL DORADO LABS PY INC

Website

https://eldorado.io

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

El Dorado is a Colombia-founded stablecoin payments SuperApp that operates a P2P marketplace for USDT and a multi-product suite — USD account, Visa prepaid card, QR payments, and crypto wallet — serving individual consumers and SMBs across 12 Latin American countries with real-time cross-border settlement on TRON and Arbitrum.

Ownership category

akta.pro rank

Product category

Cross-Border Stablecoin Payments Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

akta.pro secondary industries

Cross-Border & FX Payments Platforms (BPAMAFAK), Cross-border Payments, FX & Multi-currency Checkout (CRAFAJAF)

Keywords

• Cross-border payments
• Stablecoin payments
• P2P cryptocurrency exchange
• Digital USD wallet
• Remittance services

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. P2P Transaction Commissions: El Dorado charges tiered commissions on each peer-to-peer stablecoin transaction processed through its marketplace. Commission rates decrease with larger transaction sizes, ranging from 0.49% for smaller operations down to 0.24% for larger transactions. This is the primary revenue stream.
2. Withdrawal Fees: Users are charged withdrawal fees when converting stablecoin balances to local fiat currency via regional payment rails. Withdrawal fees start at $0.49, contributing a secondary revenue stream alongside P2P commissions.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

El Dorado operates a stablecoin-powered payments SuperApp (La SuperApp del Dinero) for Latin America, providing a unified mobile-first platform that combines peer-to-peer USDT exchange, USD digital bank accounts, cryptocurrency wallet, Visa prepaid card issuance, and QR-based payments. The platform enables real-time cross-border settlement in 12+ Latin American countries via blockchain infrastructure (TRON, Arbitrum) integrated with regional payment rails (PIX, Mercado Pago) and Tempo stablecoin settlement.

Product overview

El Dorado is a cryptocurrency payment SuperApp (La SuperApp del Dinero) for Latin America, offering a unified platform that combines peer-to-peer cryptocurrency exchange, USD accounts, Visa cards, and QR payment capabilities. The core product is the P2P marketplace for buying and selling USDT with best exchange rates, supported by a cryptocurrency wallet (Crypto), international Visa prepaid card (Card), USD bank account (Cuenta en Dólares), QR payment solutions, and an Earn referral program. The platform uses stablecoins through Tempo's infrastructure for real-time settlement of international transactions. El Dorado Business extends services to enterprise clients for cross-border payment management. The company operates across 13+ Latin American countries and has grown to over one million users.

Differentiator

Problem solved

Functional benefit

Products and services

• El Dorado P2P (Cambios) Peer-to-peer marketplace enabling users in Latin America to buy and sell USDT and other cryptocurrencies with competitive exchange rates using 80+ payment methods across 12+ countries. Real-time settlement with transparent tiered commissions (0.24%-0.49%).
• Cuenta en Dólares (USD Account) Digital USD bank account that allows Latin American users to send and receive funds via ACH and WIRE transfers and withdraw directly from PayPal, Wise, and Deel into their El Dorado wallet.
• El Dorado Crypto Cryptocurrency wallet supporting USDT, Bitcoin, and other digital assets for buying, sending, converting, and managing digital dollars across 13+ countries, with multi-chain support on TRON and Arbitrum.
• El Dorado Card (Visa Prepaid) International USD Visa prepaid card issued in the USA via Lead Bank (program administrator Bridge Ventures LLC) that enables users to spend stablecoin balances at any Visa-accepting merchant worldwide for subscriptions, travel, and online purchases.
• QR Payments QR code payment solution enabling users to pay as locals in Argentina, Brazil, Peru, Colombia, and Bolivia, including PIX payments in Brazil via integration with regional payment rails.
• El Dorado Business Business-oriented platform for companies managing international payments, providing multiuser accounts and real-time stablecoin settlement for cross-border enterprise transactions across Latin America.
• El Dorado API & Widget Developer-facing API and widget tools enabling third-party platforms and businesses to embed El Dorado's stablecoin payment and P2P transaction capabilities into their own products and services.

Quantifiable outcome

• 3M+ P2P stablecoin operations processed on the platform
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability3 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• ArbitrumcoreTechnology or IntegrationArbitrum is a Layer 2 blockchain network (built on Ethereum) that serves as one of the blockchain settlement layers for El Dorado's stablecoin operations. This integration enables El Dorado to leverage Arbitrum's low-cost, high-speed transaction infrastructure for stablecoin transfers within its P2P marketplace.
• TempocoreTechnology or IntegrationTempo provides critical stablecoin settlement infrastructure that El Dorado integrates into its platform. Tempo's infrastructure enables reliable and efficient settlement of stablecoin transactions, supporting the real-time settlement promise of El Dorado's cross-border payment product.
• Lead BankcoreTechnology or IntegrationLead Bank is the issuing bank for El Dorado's co-branded Visa prepaid card program. As the FDIC-insured banking partner, Lead Bank enables El Dorado to offer a compliant, bank-backed Visa card allowing users to spend their stablecoin balances at any Visa-accepting merchant globally.
• Bridge Ventures LLCcoreTechnology or IntegrationBridge Ventures LLC serves as the card program administrator for El Dorado's Visa prepaid card. In this capacity, Bridge Ventures manages the operational and compliance aspects of the card program, including BIN sponsorship, card network compliance, and program management.
• NoahminorGTM or Marketing PartnerNoah is a partner integrated through MiniPay's ecosystem, representing a minor distribution and marketing partnership that expands El Dorado's reach to additional user segments within the Latin American crypto community.
• PaytrieminorGTM or Marketing PartnerPaytrie is a partner integrated through MiniPay's ecosystem, providing an additional marketing and distribution channel for El Dorado's stablecoin payment products within the Latin American market.
• UC Berkeley AcceleratorminorOthersEl Dorado participated in the UC Berkeley accelerator program, gaining access to university mentorship, research resources, startup ecosystem networks, and potential talent pipelines. This represents a non-financial startup ecosystem partnership.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bitso: Mexico-headquartered crypto exchange and LATAM market leader with strong P2P USDT flows, USD bank transfers, and cross-border payment corridors overlapping directly with El Dorado's offering across Argentina, Brazil, and Mexico.
• Lemon Cash: Argentina-founded crypto wallet and fintech offering USDT P2P trading, USD accounts, Visa cards, and yield products. Direct competitor in El Dorado's core Argentine market with overlapping SuperApp positioning.
• Belo: Argentina-based crypto exchange offering P2P USDT trading, USD savings, and cards. Closely comparable on product surface, regional focus, and target customer segment to El Dorado.

Broad incumbents

• Binance P2P: Global crypto exchange operating the largest P2P stablecoin marketplace globally with substantial LATAM volume; competes with El Dorado for the same consumer remittance and crypto-on-ramp use cases across Argentina, Brazil, and Colombia.
• Mercado Pago: LATAM fintech super-app owned by Mercado Libre providing payments, digital accounts, and increasingly crypto capabilities; represents the regional incumbent El Dorado competes with for fiat on/off-ramp dominance.
• Wise: Global cross-border payments specialist with low-fee USD corridors serving LATAM; El Dorado positions itself as a cheaper, faster alternative for the same remittance and SMB payment use cases, and integrates Wise for withdrawals.
• Western Union: Legacy global remittance incumbent with dominant LATAM corridors; El Dorado's pricing advantage (0.24-0.49% vs. 5-10%+) is positioned directly against Western Union's consumer remittance fees.
• Remitly: US-headquartered digital remittance platform with strong LATAM corridors targeting the same migrant and SMB cross-border payment segments as El Dorado's USD Account product.
• Ripple: Enterprise-grade cross-border payments and stablecoin (RLUSD) infrastructure provider; relevant comparable as an institutional-grade crypto-native payment rail competing for the same B2B cross-border settlement wallet that El Dorado Business targets.

Emerging players

• Ualá: Argentine fintech super-app expanding into USD accounts and crypto via Pier acquisition; competes for El Dorado's customer base with a regulated banking-led model and broader financial services portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/eldoradoio
• YouTubeyoutube.com/@eldoradoio
• LinkedInlinkedin.com/company/eldoradoio
• Instagraminstagram.com/eldoradoio.latam
• TikToktiktok.com/@eldoradoiolatam
• Facebookfacebook.com/ElDoradoEarnOfficial

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds6 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about El Dorado