Sequoia Capital and Founder Fund invest $70 million in Latin American stablecoin startup

Sequoia and Founders Fund Bet on Latin American Fintech

DolarApp is a Latin American fintech company doing something straightforward: allowing users to hold digital USD accounts that support cryptocurrency deposits. As demand for stablecoins among Latin American users rises, the company just completed a new funding round. Users can hold, transfer, and spend stablecoins like USDC, and can also convert to local currency at any time. On February 3, 2026, DolarApp announced it had closed a $70 million funding round, with specific details undisclosed. Including a $5 million seed round in September 2022, total funding now reaches $75 million.

The platform’s core features include: USDC/USDT crypto deposits, US bank account info (for easy USD receipt), low fixed fees, and optional interest-bearing savings. In simple terms, it aims to be a bridge connecting emerging market users with traditional banking and digital assets.

The new investors in this round are Sequoia Capital and Founders Fund, both betting on fintech solutions that help Latin Americans hedge currency risks. The lead investor and valuation were not disclosed. DolarApp’s international Mastercard supports global USD spending, which is very useful in regions with unstable local currencies. The share of stablecoins in cross-border payments is increasing, making this an advantageous time for DolarApp to expand its user base.

DolarApp has established itself in the stablecoin payments space through instant exchanges and low-cost USD transfers. The involvement of Sequoia and Founders Fund indicates confidence in the adoption of digital USD in Latin America—especially as users seek alternatives amid economic instability.

$75 Million Raised, Stablecoin Applications Accelerate

Following investments from Y Combinator and Kaszek Ventures in 2022, this round’s funds will be used for product iteration and market expansion. The app combines crypto features with traditional banking elements—such as receiving payments via US accounts—offering users low-cost access to USD. The company has not disclosed specific fund allocation, but this aligns with the broader Web3 payments trend: in economies with high inflation, stablecoins like USDC are increasingly used for remittances and daily transactions.

Key points:

• Investor lineup: Sequoia and Founders Fund join early investors Y Combinator and Kaszek Ventures, all experienced in expanding fintech and crypto companies.
• Use of funds: Support core DolarApp features (crypto deposits, interest savings), potentially accelerating Latin American user growth.
• Industry signal: The market remains optimistic about stablecoin gateways that bypass traditional banks and solve cross-border payment issues.
• Timing: Announced in early 2026 amid a crypto market recovery; Latin America is becoming a testing ground for digital USD products.

While valuation and lead investor details remain undisclosed, the participation of Sequoia and Founders Fund signals strong confidence in DolarApp’s direction. In a competitive payments and stablecoin landscape, this funding can help the company differentiate through Mastercard integration and low-fee models. Countries like Argentina and Venezuela, with severe inflation, are turning stablecoins into inclusive financial tools, attracting more venture capital interest in Latin American fintech.

As a payment gateway and stablecoin service provider, DolarApp sits at the intersection of DeFi and traditional finance. Evolving crypto regulations in parts of Latin America are positive signals for such companies. The platform is active on Telegram and LinkedIn, but this announcement did not disclose user data. This funding round further confirms that the hybrid “crypto + everyday banking” model is gaining mainstream capital recognition.

Bottom line: Top-tier VCs are investing real money into Latin American stablecoin fintech.