During the financing round, led by Akuna Capital, the cryptocurrency company BlockFi raised $ 4 million. Other investors include Galaxy Digital Ventures, Morgan Creek Digital, Susquehanna Government Product and Fidelity Investments division of Devonshire Investors.
— BlockFi (@TheRealBlockFi) December 12, 2018
The company has attracted investment in exchange for convertible bonds. BlockFi, which operates in the lending market, intends to use funds to expand the team as part of the launch of new services.
In particular, the company plans to open cryptocurrency savings accounts for clients with the possibility of obtaining interest income, as well as to issue credit cards provided by digital assets. The first BlockFi product promises to launch in the first months of 2019.
“We believe that the debt and credit markets in the cryptocurrency space will continue to grow, and BlockFi has every opportunity to maintain its leading position as the industry grows,” – said Dean Carlson, head of digital investments for Susquehanna.
At the moment, the company offers loans to corporate and private clients, accepting their cryptocurrency savings as security. In July, BlockFi raised $ 52.5 million from cryptobank Mike Novograc.