Corporate information
Company type
Digital asset savings and loans platform.Overview
Ledn provides financial products with a mission to help clients across the globe unlock the power of digital assets to build wealth for the long term. Operating in over 100 countries, Ledn offers interest-bearing savings accounts and Bitcoin-backed loans, enabling clients to access dollars or additional Bitcoin without needing to sell any of their existing holdings. Ledn has active clients in 105 countries, and has exceeded $1 billion in assets on its platform. Since the start of 2021, Ledn has tripled its team while growing its total lending book by over 800% and savings products by 280%. Ledn remains an industry leader when it comes to transparency and accountability standards, being the first-ever lending platform to undergo a formal proof-of-reserves attestation by Armanino LLP, a top public accounting and consulting firm and a recognized global leader in digital asset assurance solutions.
Funding rounds
Series A USD 30,000,000
USD 30,000,000 ( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Kingsway Capital Inc | High-tech cryptocurrency trading firm. | Initial investment. Led the round. | |
|
#Hashed | Global, early stage venture fund focused on backing founders who are pioneering the future of blockchain and cryptocurrency. | Initial investment. | |
|
ParaFi Capital | Alternative investment firm focused on blockchain and decentralized finance markets. | Initial investment. | |
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|
Susquehanna Private Equity Investments LLLP | Initial investment. (Susquehanna Growth Equity) | ||
|
Alan Howard | Individual investor. | Initial investment. | |
|
Alexis Ohanian | Individual investor. | Initial investment. | |
|
CMT Digital Holdings LLC | Crypto asset trading, blockchain technology investments, and legal/policy engagement in the crypto asset / blockchain technology industry. | Follow-on investment. | |
|
Coinbase Ventures | The corporate venturing arm of Coinbase investing in companies building the open financial system. | Follow-on investment. | |
|
GFC Global Founders Capital GmbH (GFC) | The venture arm of Rocket Internet. | Follow-on investment. | |
|
White Star Capital | Global multi-stage technology investment platform that invests in exceptional entrepreneurs building ambitious, international businesses. | Follow-on investment. (via Digital Asset Fund) | |
| John Pfeffer | Individual investor. | Follow-on investment. |