Lemon Cash CEO Expects more Fintech Layoffs in LatAm Amid its Own

Nov 25,2022
KingData News: 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. FTX Ventures participated in the Series A extension with a "very small percentage," Cavazzoli said. Lemon has an insignificant amount of money stuck with FTX's sister trading firm Alameda that it does not expect to get back, he said, declining to state the amount due to ongoing liquidations.
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