River, a Columbus, OH-based Bitcoin technology and financial services startup, raised $35m in series B funding.
The round was led by Kingsway Capital with participation from Peter Thiel, Goldcrest, Cygni, M13, Valor Equity Partners, Esas Ventures, and Alarko Ventures.
The company intends to use the funds to expand operations and its development efforts, to further build out the B2B River Lightning segment.
Led by Alex Leishman, CEO, River is a one-stop-shop for any person or business interested in Bitcoin. They offer a suite of Bitcoinservices, including Bitcoin brokerage with zero-fee recurring orders, full-reserve custody, mining, and a Bitcoin wallet that supports both on-chain and Lightning Network transactions.
Last year, the company announced the launch of River Lightning—an enterprise API that allows companies to integrate with the Lightning Network. River Lightning is already utilized by a number of crypto apps, including El Salvador’s Chivo wallet, to enable instant Bitcoin payments.
In addition to serving individuals and businesses directly, the company intends to serve as the Bitcoinpayments back-end for the industry.
FinSMEs
16/05/2023