Bitcoin Financial Services Provider River Announces $35 Million Series B Fundraising Round By BtcCasey Bitcoin financial services provider River has successfully raised $35 million in its Series B fundraising round. Led by Kingsway Capital and featuring prominent investors like Peter Thiel, Cygni, Goldcrest, and Valor Equity Partners, the funding will support the expansion of River's Bitcoin services.
The company offers various services such as zero-fee recurring orders, full-reserve custody, mining, and a Bitcoin wallet supporting both on-chain and Lightning Network transactions.
CEO Alex Leishman highlighted the increasing interest in Bitcoin due to business and institutional adoption, emphasizing its role in creating a secure and transparent global economy. River has also witnessed significant demand for its enterprise Lightning API, River Lightning, which enables instant Bitcoin payments and has been utilized by El Salvador's Chivo wallet. With a commitment to responsible practices and regulatory compliance, River aims to contribute to a brighter economic future driven by Bitcoin. |