Finance Breaking news BlockFi raises $350m at $3bn valuation last financial news

Breaking-Finance.Com - Cryptocurrency player BlockFi has hit a $3 billion valuation off the back of a $350 million Series D funding round led by Bain Capital Ventures, partners of DST Global, Pomp Investments, and Tiger Global.

Finance Breaking news BlockFi raises $350m at $3bn valuation last financial news

Breaking-Finance.Com - Cryptocurrency player BlockFi has hit a $3 billion valuation off the back of a $350 million Series D funding round led by Bain Capital Ventures, partners of DST Global, Pomp Investments, and Tiger Global.

Finance Breaking news BlockFi raises $350m at $3bn valuation last financial news
11 March 2021 - 15:00

Breaking-Finance.Com - Cryptocurrency player BlockFi has hit a $3 billion valuation off the back of a $350 million Series D funding round led by Bain Capital Ventures, partners of DST Global, Pomp Investments, and Tiger Global. Founded in 2017, New Jersey-based BlockFi is one of a host of firms working to build a bridge between cryptocurrencies and traditional financial and wealth management products.The startup currently offers users the ability to earn yield on digital assets; buy and sell digital assets directly; and get US dollar loans secured by the value of digital assets on the platform.

.The round comes as BlockFi experiences strong growth during the latest crypto boom: since the end of 2019 it has seen its client base grow from 10,000 to more than 225,000, with monthly revenue currently exceeding $50 million, and more than $15 billion in assets on its platform.Zac Prince, CEO, BlockFi, says: "Digital assets will continue to democratize finance, serve as a hedge against inflation and expansionary monetary policy, and promote innovation in financial technology and accessibility to financial services."

Source = Breaking-Finance.Com

Financial breaking news

This news 17 hits received.

Finance Breaking news BlockFi raises $350m at $3bn valuation last financial news


Finance Breaking news BlockFi raises $350m at $3bn valuation last financial news


Finance Breaking news BlockFi raises $350m at $3bn valuation last financial news


Finance Breaking news BlockFi raises $350m at $3bn valuation last financial news

COMMENTS

  • 0 Comment
MAY INTEREST YOU x
Finance Breaking news Apple lets couples co-own card to build credit together last financial news
Finance Breaking news Apple lets couples co-own card to build credit...
Finance Breaking news JP Morgan, Morningstar and Broadridge invest in Tifin last financial news
Finance Breaking news JP Morgan, Morningstar and Broadridge invest in...