Currency Economy

Crypto lending firm BlockFi raises $350M in new funding round

Cryptocurrency (Mar 12, 2021 05:00AM ET) Crypto lending firm BlockFi raises $350M in new funding round

Crypto lending firm BlockFi raises $350M in new funding round

Bain Capital Ventures, Pomp Investments, Tiger Global, and partners of DST Global have led investors in a $350 million series D funding round for the crypto lending firm BlockFi, according to an announcement on March 11.

The company indicated that with the addition of these funds, as well as $100 million raised via three earlier funding rounds in the last two years, BlockFi is now valued at $3 billion. The secured funds will reportedly be used to expand the crypto offerings at the firm, including a Bitcoin (BTC) rewards credit card and a Bitcoin trust.

Continue Reading on Coin TelegraphCrypto lending firm BlockFi raises $350M in new funding round Add a Comment

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