# Ibex Mercado

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ibex-mercado

- Industry: Financial Services
- Headquarters: Miami, US
- Website: www.ibexmercado.com
- Total disclosed funding: $4M
- Latest round: Seed (Apr 4, 2022)
- Investors on record: 5

## About

Based in Florida, US, and founded in 2018 by Jose Luis Lemus, Ibex Mercado provides turnkey API solutions for infrastructure clients. In April 2022, Ibex Mercado raised USD 4 million in seed funding led by new investor Stillmark, with participation from other new investors Fulgur Ventures, Hivemind Capital Partners, LUM Ventures, and Ten31. The company’s client range includes financial institutions, businesses, POS systems, and many others.

Ibex Mercado is a company that provides financial services that primarily help investors to connect banks and businesses to Bitcoin. The company provides three core services: IBEX Pay, which enables merchants to accept online and POS payments through Lightning Network (LN), IBEX Hub, which connects users to the company’s Lightning-as-a-Service technology, making it easy for partners to integrate Lightning Network payments within their applications, and IBEX App, which is designed for smaller merchant clients, enabling them to buy Bitcoin and receive payments in Bitcoin on any internet-connected device. Additionally, the company offers IBEXDWM which focuses on wealth management for ultra-high net worth individuals and institutions.

The company intends to use the April 2022 funds to support Ibex Mercado's development and marketing resources to further extend its services to more banks and large enterprises across the Americas and Europe.

## Funding rounds

- Seed, Apr 4, 2022, $4M — Fulgur Ventures, Stillmark, Ten31, LUM Ventures, Hivemind

## Investors

- Fulgur Ventures (https://capitalatlas.ai/funds/fulgur-ventures) — Seed
- Stillmark (https://capitalatlas.ai/funds/stillmark) — Seed
- Ten31 (https://capitalatlas.ai/funds/ten31) — Seed
- LUM Ventures — Seed
- Hivemind (https://capitalatlas.ai/funds/hivemind) — Seed