BlockFi (Series B)
Funding Details
Awarder
Inbox
Date Award
February 17, 2020
Vertical
Cryptocurrency
Funding URL
View Funding Page
Funding Amount
$30,000,000
Company Info
Founding Year
2017
Traction
The company now boasts more than $650M in assets on the platform, with a 0% loss rate across its entire loan portfolio since the company began lending in January 2018.
Founders
Zac Prince
Market
Financial Services
Location
Jersey City, NJ, USA
Coinvestors
Akuna Capital, Arrington XRP Capital, Avon Ventures, Castle Island Partners, CMT Digital, HashKey Capital, Kenetic Capital, Morgan Creek Capital Management, PJC, Purple Arch Ventures, Valar Ventures, Winklevoss Capital
Company Description

BlockFi is the only crypto company to offer a suite of financial products that seamlessly interact with one another. These products include crypto-based interest accounts providing up to an 8.6% annual percentage yield on Bitcoin, Ether and stablecoins; crypto-backed loans which allow investors to access liquidity up to 50% of an asset's value in USD; and zero-fee trading.

Links
Website
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