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.

Aug 22, 2024•over 1 year ago

Amount Raised

$75 Million

Round Type

seed

New YorkFinancial ServicesLendingBlockchain

Investors

Bit Go VenturesGalaxy VenturesCastle Island VenturesMorgan Creek Digital

Description

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 Information

Company

Arch Lending

Location

379 West Broadway

New York, New York, United States

About

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.

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Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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