# Buda.com SpA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/buda-com

- Industry: Financial Services
- Headquarters: Santiago, Chile
- Website: www.surbtc.com
- Total disclosed funding: $0.3M
- Latest round: Seed (Feb 4, 2016)
- Investors on record: 1

## About

Buda.com SpA is a cryptocurrency exchange platform that enables users to buy and sell digital assets like Bitcoin and Ethereum. It offers secure transactions and caters to a broad clientele in Latin America.Founded in 2015, Buda.com specializes in cryptocurrency trading, focusing on facilitating transactions in local currencies across Latin America. The company is headquartered in Santiago, Chile, and was established by Ignacio Baixas, Jaime Bünzli, and Juan Donoso. The CEO is Alejandro Torrado. In February 2016, Buda.com successfully raised USD 0.3 million in Seed funding from Digital Currency Group, marking its first investment round and contributing to a total amount raised of USD 0.3 million.Buda.com specializes in facilitating the buying and selling of cryptocurrencies, primarily Bitcoin and Ethereum, allowing users to transact in their local currencies. The platform prioritizes user-friendliness and includes a secure storage solution, keeping 90% of cryptocurrencies offline to reduce risks. Buda.com operates a trading platform that supports multiple order types and provides a low-latency API, ensuring high market liquidity and serving clients across various Latin American countries, including Chile, Colombia, and Peru, solidifying its position in the South American cryptocurrency market.Buda.com generates revenue through transaction fees related to cryptocurrency trading on its platform. Users create accounts to engage in real-time trades, with transactions executed as orders are placed. The business model includes direct-to-consumer trading, allowing individuals to buy and sell cryptocurrencies, as well as potential business-to-business interactions through partnerships that expand service offerings. The company maintains high availability, operating 24/7 to support ongoing transaction volume and client engagement.Following the Seed funding round in February 2016, Buda.com plans to leverage its USD 0.3 million investment to enhance its platform and expand its services. The company aims to introduce new products tailored to the evolving needs of cryptocurrency traders, although specific launch dates are yet to be determined. Additionally, Buda.com is targeting expansion into more Latin American markets to broaden its user base, with plans to develop its presence in countries like Brazil and Argentina within the next few years.

## Funding rounds

- Seed, Feb 4, 2016, $0.3M — Digital Currency Group

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed