Ledn cryptocurrency platform has raised $70 million in investment

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The company has successfully completed a Series B funding round

Ledn cryptocurrency platform has raised $70 million in investment

16.12.2021 - 07:45

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What’s new? The Ledn cryptocurrency lending platform has published a press release announcing the completion of its Series B funding round. The company managed to raise $70 million in investments from major market players.

The full version of the press release

Who participated? The round was led by the 10T Holdings fund. Other participants included major companies such as Golden Tree Asset Management, Raptor Group, FJ Labs, Susquehanna Private Equity Investments, Coinbase Ventures, Alan Howard, and ParaFi Capital.

What will the funds be used for? Ledn plans to use the funding raised to increase its workforce. The company has also announced the launch of a new bitcoin-backed mortgage lending service.

After the completion of the Series B round, Ledn's valuation was $540 million. To date, the platform serves more than 100 000 customers from 127 countries around the world and it is aimed at further audience growth.

Author:

Editorial GetBlock Magazine

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