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Crypto Lender BlockFi Raises $30M Series B

Crypto Lender BlockFi Raises $30M Series B

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FintechNews RoundupUSA
··1 min read

BlockFi provides US-dollar loans to consumers backed by bitcoin or ether; yesterday, they closed on a $30 million Series B led by Peter Thiel’s Valar Ventures along with participation from several existing and new investors; this comes just a few months after they closed an $18.3 million Series A; BlockFi CEO Zac Prince said, “We decided to opportunistically raise the Series B to expand the balance sheet and give ourselves the ability to invest in the things we’re doing this year”; on tap for this year is opening an office in Singapore and a doubling in size of its 75-person workforce by year end; BlockFi reported having more than $650 million in assets on its platform, a 160% increase from the $250 million it reported in August, with a 0% loan loss rate. Coindesk

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    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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