According to Techub News and Bloomberg, Lead Bank, a Missouri-based lending institution focused on serving fintech and Crypto Assets companies, has completed a $70 million financing at a valuation of $1.47 billion. Andreessen Horowitz (a16z) and Khosla Ventures led the round, with participation from existing investors Ribbit Capital, Coatue, and Zeev Ventures, as well as new investors Iconiq Capital and Greycroft.
The funds raised will be used to strengthen the balance sheet to support its expansion in the fintech sector. Lead Bank's clients include Affirm Holdings, Ramp Business Corporation, and the stablecoin business division Bridge recently acquired by Stripe.
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Crypto Assets friendly bank Lead Bank completes $70 million financing, led by a16z and others.
According to Techub News and Bloomberg, Lead Bank, a Missouri-based lending institution focused on serving fintech and Crypto Assets companies, has completed a $70 million financing at a valuation of $1.47 billion. Andreessen Horowitz (a16z) and Khosla Ventures led the round, with participation from existing investors Ribbit Capital, Coatue, and Zeev Ventures, as well as new investors Iconiq Capital and Greycroft.
The funds raised will be used to strengthen the balance sheet to support its expansion in the fintech sector. Lead Bank's clients include Affirm Holdings, Ramp Business Corporation, and the stablecoin business division Bridge recently acquired by Stripe.