As a crypto investor, Zac Prince recognized how underdeveloped the ecosystem for financial products around crypto was. He cofounded BlockFi to advance the digital asset economy by enabling crypto to be used to help people achieve their financial goals within the existing finance ecosystem. Today, BlockFi offers interest-bearing crypto accounts, lending using crypto as collateral, and plans to roll out a credit card with crypto rewards. Zac shares some more insight about the company’s impressive traction ($1.5B+ AUM), the product pipeline, and latest round of funding from investors that include Morgan Creek Digital, Valar Ventures, CMT Digital, Castle Island Ventures, Winklevoss Capital, SCB 10X, Avon Ventures, Purple Arch Ventures, and Kenetic Capital. BlockFi is the only company that comes to mind that closed its Series A, B, and C rounds all within a period of 12 months!
NYC Tech News for the week ending 2/15 including the NYC startup fundings, NYC startup exits, and NYC Tech events including news for BlockFi, Sama Radar, and much more…
The volatility of the crypto market has raised serious doubts about its value, and one of the biggest drawbacks has been the lack of ability to use crypto as a true financial instrument. BlockFi is building out the crypto infrastructure to offer financial products and services centered around crypto. BlockFi presently offers free crypto trading, […]
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 2/13/2020 featuring funding details for BlockFi, Ramp Financial, and much more.