Aureo, previously known as Swapido, has successfully raised $1.1 million in pre-seed funding from Early Riders. This significant investment, announced on October 20, 2025, is earmarked for the development of a highly specialized Bitcoin platform. This platform is strategically designed to cater to high-net-worth individuals (HNWIs), family offices, and corporations throughout Mexico and the broader Latin American region.

The core objective of Aureo is to establish a premium, white-glove service encompassing secure Bitcoin transactions, robust custody solutions, and expert advisory. This tailored approach is specifically aimed at institutional and long-term Bitcoin holders, positioning Aureo alongside prominent U.S.-based firms such as Onramp and River by adapting similar models to meet distinct regional requirements and challenges.

The company’s journey began on October 11, 2024, under the name Swapido, founded by CEO Gustavo Flores Echaiz. Initially, Swapido operated as a web application, facilitating crucial Lightning Network-to-peso conversions. In its inaugural year, it successfully processed over 5 BTC in volume for hundreds of advanced users, establishing itself as Mexico’s most straightforward off-ramp for spending Bitcoin.

The strategic rebrand to Aureo signifies an expanded vision, moving beyond basic conversions to offer a comprehensive suite of Bitcoin services. This evolution emphasizes building profound trust and delivering high-security white-glove services, explicitly customized to navigate Latin America’s unique landscape within the digital asset sector. The platform’s advanced features include capabilities for large-volume Bitcoin buys and sells with discreet execution, extensive guidance on self-custody, expert multi-institution custody (MIC) advisory, seamless local fiat integration, and comprehensive inheritance planning.

Aureo operates with robust regulatory backing, holding a Bitcoin Service Provider (BSP) license granted by El Salvador. Furthermore, according to a press release shared with Bitcoin Magazine, the company asserts its full compliance with all Mexican regulations. Aureo firmly believes that “Bitcoin is transforming how investors and corporations manage their wealth by offering a neutral and secure store of value,” anticipating that billions in idle capital across the region could drive the next significant wave of Bitcoin adoption.

Looking ahead, Aureo has ambitious plans, including the rollout of a dedicated “Buy” feature and a strategic partnership with Onramp Bitcoin. This collaboration aims to develop a LatAm-specific MIC platform, leveraging Onramp’s robust infrastructure while meticulously tailoring it to local regulatory frameworks and diverse investor profiles across the region.

The executive team at Aureo boasts deep-rooted expertise in the Bitcoin space. Gustavo Flores Echaiz, as CEO, has reunited with original co-founders from Veriphi, a respected Canadian Bitcoin firm that has assisted thousands of clients with Bitcoin acquisition, sales, and custody. Nathaniel Kitzkte serves as the fractional Chief Technology Officer, Tristan Borges Solari as Chief Product Officer, and Maciej Cepnik as Chief Marketing Officer. The team’s collective experience spans various leading companies in the Bitcoin ecosystem, including Bull Bitcoin, Unchained Capital, Wasabi, Bitrefill, Bitcoin Well, and Zaprite.

Based in Mexico, Aureo is committed to expanding its workforce and will be announcing new job postings in the near future. The company invites interested individuals to sign up for updates at aureobitcoin.com and follow its X (formerly Twitter) account at x.com/AureoBitcoin. As Bitcoin adoption continues to proliferate throughout Latin America, firms like Aureo are poised to play a pivotal role in bridging traditional finance with innovative digital assets, offering the region more specialized and accessible pathways to Bitcoin, which has historically served as a critical financial refuge for nations experiencing high inflation across the global south.