Payments

Bitcoin ATM operator Margo gains $16M in funds

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January 2, 2024

Chicago Atlantic delivered a $16 million secured term loan to Margo, a cryptocurrency ATM operator. With this investment, Margo will expand its bitcoin ATM network in retailers such as Royal Farms, H-E-B, United Natural Foods Inc. and others, according to a press release.

"Margo is redefining the way consumers interact with digital currency, shaping the future of financial literacy by making cryptocurrency more accessible. We couldn't think of a company better aligned with our people-first values and our drive to push innovation forward in categories of highest need. It's an honor to partner with Margo as they expand their reach," Tony Cappell, founding partner of Chicago Atlantic, said in the release.

With its ATMs, customer can purchase bitcoin, Ethereum, USD Coin, NFTs and other tokens.