A $35 million Series B round was raised by River Financial, which provides a number of financial services Bitcoin-linked.
Bitcoin Services Startup River Financial Raises $35 Million
According to a statement, Kingsway Capital spearheaded the fundraising effort, with participation from Cygni, Goldcrest, Valor Equity Partners, and billionaire investor Peter Thiel. River made no mention of a price. The company last raised money in March 2021, when Goldcrest led a round that brought in around $12 million.
We’re seeing another wave of Bitcoin interest, largely driven by business and institutional adoption. It’s not hype this time. This year’s bank failures and bailouts have been a wake-up call, revealing the cracks of the traditional financial system and reminding us why Bitcoin is so important — it’s a secure path to a stronger and more transparent global economy.
Alex Leishman, River’s CEO
About River
River, which has its main office in Columbus, Ohio, provides a variety of Bitcoin-related services, such as a brokerage with no-fee recurring orders, custody, mining, and a wallet that enables on-chain and Lightning Network transactions. Chivo Wallet, a service used by El Salvador, among others, relies on it. It also includes an enterprise API that aids businesses in connecting to the Lightning Network.
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