July 22, 2024
Investment

Stellar and MoneyGram Invest in Colombian Digital Payments Startup


Stellar Development Foundation (SDF) and MoneyGram, the money transfer company, have invested in Colombian digital payments startup Interstellar. The investment was made through a Series A funding round, although the amount of the investment was not disclosed.

Interstellar is a financial technology company focused on developing digital payment solutions. The company uses blockchain technology to facilitate money transactions internationally. The investment from SDF and MoneyGram will allow Interstellar to expand its presence in Latin America and the Caribbean.

“We are excited to partner with Stellar Development Foundation and MoneyGram to accelerate the adoption of digital payments in Latin America and the Caribbean,” said Interstellar CEO Andrés Villaquirán. “This investment will allow us to expand our presence in the region and offer digital payment solutions to more people.”

The investment in Interstellar is part of SDF and MoneyGram’s efforts to promote the adoption of blockchain technology in the payments industry. Both companies believe blockchain technology can improve the efficiency and security of money transactions.

“The investment in Interstellar demonstrates our commitment to innovation and our belief in the potential of blockchain technology,” said Denelle Dixon, CEO of Stellar Development Foundation. “We are excited to work with Interstellar to expand the adoption of digital payments in Latin America and the Caribbean.”

The investment in Interstellar also marks an expansion of the partnership between SDF and MoneyGram. Both companies have been working together to develop blockchain-based payment solutions. This investment will allow both companies to expand their work in this area.

“We are excited to expand our partnership with Stellar Development Foundation and invest in Interstellar,” said Alex Holmes, CEO of MoneyGram. “We believe this investment will enable us to accelerate the adoption of blockchain technology in the payments industry and improve the efficiency and security of money transactions.”

The investment in Interstellar is an important step for SDF and MoneyGram in their effort to promote the adoption of blockchain technology in the payments industry. With this investment, both companies hope to expand their presence in Latin America and the Caribbean and promote the adoption of digital payments in the region.



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