Early Riders Backs Aureo With $1.1M For Secure Bitcoin Custody In Latin America
Aureo, formerly known as Swapido, has recently secured $1.1 million in pre-seed funding from Early Riders to advance its specialized Bitcoin platform targeting high-net-worth individuals (HNWIs), family offices, and businesses in Mexico and Latin America. This funding, disclosed on October 20, 2025, will be instrumental in developing a white-glove service dedicated to secure Bitcoin transactions, custody, and advisory services for institutional and long-term holders. Aureo is positioning itself alongside prominent U.S.-based firms like Onramp and River, tailoring its offerings to meet the specific needs of the Latin American market.
Initially launched as Swapido on October 11, 2024, by CEO Gustavo Flores Echaiz, the company began as a web app facilitating Lightning Network-to-peso conversions. In its inaugural year, Swapido processed over 5 BTC in volume for numerous advanced users, serving as Mexico’s most straightforward off-ramp for Bitcoin spending. The rebrand to Aureo signifies a shift towards offering comprehensive Bitcoin services, with a focus on establishing trust and providing high-security white glove services customized for the challenges unique to Latin America. The platform now facilitates large-volume transactions with discreet execution, self-custody guidance, multi-institution custody (MIC) advisory, local fiat integration, and inheritance planning.
Aureo boasts a Bitcoin Service Provider (BSP) license from El Salvador and claims to be fully compliant with Mexican regulations, as highlighted in the press release shared with Bitcoin Magazine. The company emphasizes the transformative nature of Bitcoin in wealth management, offering a secure and neutral store of value that could unlock billions in idle capital across the region to drive the next wave of adoption.
Looking ahead, Aureo plans to introduce a “Buy” feature and collaborate with Onramp Bitcoin to develop a MIC platform tailored for Latin America. This partnership will leverage Onramp’s infrastructure while adhering to local regulations and investor preferences.
The executive team at Aureo brings a wealth of experience from established Bitcoin companies such as Bull Bitcoin, Unchained Capital, Wasabi, Bitrefill, Bitcoin Well, and Zaprite. Based in Mexico, Aureo intends to expand its workforce through upcoming job postings.
Interested individuals can sign up at aureobitcoin.com to receive newsletters and access an X account at x.com/AureoBitcoin. As Bitcoin adoption gains momentum in Latin America, firms like Aureo are positioned to bridge the gap between traditional finance and digital assets, offering tailored access to Bitcoin in a region where it has historically served as a hedge against high inflation.
