Crypto lender Matrixport seeks $100M funding despite lending crisis

Crypto lender Matrixport seeks $100M funding despite lending crisis


Matrixport, the cryptocurrency firm founded by Bitmain co-founder Wu Jihan, is in the process of raising $100 million in funding despite the ongoing crypto market crisis.

Lead investors have already committed $50 million for Matrixport’s new funding round at a $1.5 billion valuation, Bloomberg reported on Nov. 25. The deal has yet to be finalized as Matrixport is still looking for investors for the other half of the round.

We’re excited and look forward to engaging with participants, on similar terms, in the other half of the #funding round.

Appreciate the trust and confidence our investors continue have in Team #Matrixport.@business https://t.co/DqQhsYucUy

Trending: Mysterious 80-Foot Structure Unearthed By Hurricanes Near Famous Florida Beach

— Matrixport (@realMatrixport) November 25, 2022

According to the company, the new round is part of Matrixport’s usual funding agenda. “Matrixport routinely engages with key stakeholders as part

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend