Share this article
Finnish Digital-Asset Lender Tesseract Raises $25M in Series A Funding
The company plans to use the money for hiring and product development.
Updated May 9, 2023, 3:20 a.m. Published Jun 21, 2021, 7:00 a.m.
Finnish digital-asset lender Tesseract has raised $25 million in a Series A funding led by U.K. investor Augmentum Fintech.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The Helsinki-based firm offers digital-asset lending products, including margin loans, to institutional clients such as hedge funds and retail trading platforms.
- Tesseract partnered with U.K. custody firm Copper in October to launch a margin trading lending service, allowing clients to borrow funds and trade them automatically across different exchanges.
- Other participants in the round included Coinbase Ventures, BlackFin Capital Partners and Jabre Capital Partners Family Office, Tesseract said in an emailed statement.
- Tesseract plans to use the money for hiring and product development.
- The firm said its clients include international financial institutions, which it declined to identify.
Read more: Crypto Lending Firm Ledn Raises $30M From Alan Howard, Coinbase and More
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
What to know:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Top Stories
