Crypto Lender Raises $30M In Valar Ventures-Led Round

Law360 (February 13, 2020, 3:37 PM EST) -- Cryptocurrency lender BlockFi announced Thursday it will use the $30 million raised from a Series B round led by the Peter Thiel-backed Valar Ventures to expand its suite of crypto-investment products.

BlockFi Lending LLC said it will use the funding to develop a mobile app as well as other products geared toward making crypto-investing more accessible to a mainstream audience. The company also plans to hire more staff, BlockFi said.

According to its website, BlockFi offers financial products to crypto-investors, including crypto-backed loans and crypto interest accounts.

“We’ve demonstrated that we can build financial products around cryptocurrency that can look and...

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