| Founded | 2019 |
|---|---|
| Closed | 2023 |
| Country | Argentina |
| Sector | Fintech |
| Total raised | $16M |
| Collapse type | Regulatory Kill |
| Founder | Marcelo Cavazzoli |
Lemon Cash
"The Argentine crypto wallet that reached 2M users, raised 16M dollars, and shut operations in 2023 after regulatory pressure made the business model untenable."
Forced closure by regulatory action
Key Events Timeline
Lemon Cash offered Argentine users a crypto Visa card and high-yield accounts in a country with chronic peso devaluation.
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