{"id":16338,"date":"2021-05-26T14:00:00","date_gmt":"2021-05-26T14:00:00","guid":{"rendered":"http:\/\/ci0283fe5320002568"},"modified":"2021-05-26T14:00:00","modified_gmt":"2021-05-26T14:00:00","slug":"bitcoin-lender-ledn-raises-30-million","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/bitcoin-lender-ledn-raises-30-million","title":{"rendered":"Bitcoin Lending Platform Ledn Raises $30 Million In Series A"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>Bitcoin lending platform Ledn has announced the completion of a $30 million series A financing round.<\/p>\n<p>The platform lets users open interest-bearing bitcoin savings accounts and take out bitcoin-backed loans, giving them access to fiat without having to sell their BTC. It also offers services based on other digital assets, like USDC.<\/p>\n<p>This round was led by London-based hedge fund Kingsway Capital, with participation from Hashed Venture Fund, Susquehanna Private Equity Investments, ParaFi Capital, billionaire hedge fund manager Alan Howard, John Pfeffer and Reddit cofounder Alexis Ohanian. All investors from Ledn\u2019s previous funding round, including Coinbase Ventures and CMT Digital, also participated.<\/p>\n<p>\u201cLedn has grown its assets on its platform by over 320% since its last round, just six months ago,\u201d according to a release sent to <em>Bitcoin Magazine<\/em>. \u201cProceeds of the round will be used to grow Ledn\u2019s team and global presence, as well as continue to enhance Ledn\u2019s technology and product offerings. Additionally, Ledn\u2019s investors bring regional-specific expertise that will enable Ledn to achieve its mission of unlocking the power of Bitcoin and other digital assets to build wealth through innovative financial products.\u201d<\/p>\n<p>Cofounder Mauricio Di Bartolomeo added that the company wants to expand on the success it has seen in North and South America, in addition to expanding its global footprint. <\/p>\n<p>\u201cWe prioritize the needs of the people we serve, investing in solutions like proof-of-reserves to protect them,\u201d he said, per the release. \u201cGrowing up in Venezuela, I saw firsthand how an unregulated system with little to no transparency can impact its people, and that\u2019s why it\u2019s such a core component of how we manage the funds our clients entrust to us.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin lending platform Ledn has announced the completion of a $30 million series A financing round.<\/p>\n","protected":false},"author":2705,"featured_media":6956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[352,364],"class_list":{"0":"post-16338","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-fundraising","9":"tag-ledn"},"author_data":{"id":2705,"name":"Peter Chawaga","nicename":"peter-chawaga","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/peterc-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/fiat-dollar.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2705"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=16338"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/16338\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/6956"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=16338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=16338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=16338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}