Flowdesk Raises $102M for Crypto Lending Expansion
1min read French crypto market maker Flowdesk has successfully raised $102 million in a funding round led by HV Capital, a European investment firm. The round was primarily equity financing, with approximately 90% of the total amount coming from equity investments and the remaining 10% from debt financing. Other participants in the equity financing included French private equity firms Eurazeo, Cathay Innovation, and ISAI vc, while a fund under blackrock participated in the debt financing.
Flowdesk co-founder and global CEO Guilhem Chaumont announced that the funds raised will support the company's expansion plans. These plans include launching a crypto lending service platform and opening an office in the United Arab Emirates. The crypto lending service platform is expected to provide users with access to a range of financial services, including loans and staking opportunities, while the new office in the UAE will help Flowdesk expand its reach into the Middle East market.
The funding round is a significant milestone for Flowdesk, which has been rapidly growing since its founding in 2021. The company has established itself as a leading crypto market maker, providing liquidity and trading services to a wide range of clients, including exchanges, hedge funds, and institutional investors. With the new funds, Flowdesk is well-positioned to continue its growth trajectory and solidify its position as a major player in the global crypto market.
The crypto market has seen significant growth and innovation in recent years, with new products and services emerging to meet the demands of a rapidly evolving industry. As the market continues to mature, companies like Flowdesk are playing an increasingly important role in providing the infrastructure and services needed to support its growth. The successful funding round is a testament to the potential of the crypto market and the opportunities it presents for innovative and forward-thinking companies.
