According to TheBlock, Argentina-based crypto app Lemon Cash has laid off about 100 people, 38% of staff, marking the latest round of cuts in the region.

Lemon Cash also revealed today that it closed a $27.8 million extension of its Series A funding round this year, bringing the total size of the round to $44 million. Firms including DST Global, Valor Capital, GoodWater Capital, CMT Digital and Cadenza participated. The company now has runway for three years, Cavazzoli said.