The Stellar Development Foundation invested $15 million in AirTM, a Mexican digital wallet and peer-to-peer exchange platform, to expand financial services across Latin America with planned Stellar blockchain integration.
The Stellar Development Foundation announced a $15 million investment in AirTM, its largest Enterprise Fund investment to date. AirTM is a Mexico-based digital wallet and peer-to-peer exchange platform that plans to integrate with the Stellar blockchain network within the next year. The investment aims to improve financial services across Latin America and other developing regions by enabling faster, cheaper payments and expanding access to underbanked communities. SDF highlighted Latin America's fragmented banking networks and cash-based economy as key opportunities for improvement through AirTM's platform and Stellar integration. The Enterprise Fund has invested $24.5 million in fintech and blockchain companies in 2021 alone, with $33.76 million deployed since its 2020 launch.
