Arch Lending raised $75M in a funding round co-led by Morgan Creek Digital and Castle Island Ventures to enhance its crypto-backed loan services.
Arch Lending raised $75M in a funding round co-led by Morgan Creek Digital and Castle Island Ventures to enhance its crypto-backed loan services.
08/22/24, 2:31 PM
Location
Money raised
$75 million
Industry
lending
blockchain
Round Type
seed
Investors
Bit Go Ventures, Galaxy Ventures, Castle Island Ventures, Morgan Creek Digital
Arch Lending has successfully raised $75M through an oversubscribed $5M equity seed round and a $70M loan financing facility. The funds will be used to expand their offerings in crypto-backed loans for both individuals and institutions, ensuring an enhanced customer experience.
Company Info
Location
new york, new york, united states
Additional Info
Arch Lending is a trusted provider of crypto-backed loans, offering services to both individual and institutional clients. Known for its exceptional customer service and industry-leading security, Arch is dedicated to creating a premier lending experience. The company does not rehypothecate collateral and focuses on providing loans secured by Bitcoin, Ethereum, and Solana. Arch's innovative approach aims to support the growth of the digital asset ecosystem.