Stablecoins can — and will — go mainstream

Capital B raises over $68.8 million

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In the world of crypto and fintech, several innovative projects have secured significant funding recently, further fueling the sector’s growth.

From Bitcoin-focused strategies to wealth management solutions, we’ve compiled a roundup of notable fundraising rounds, including projects raising over $20 million.

Summary

  • Capital B raised $68.9 million to expand its Bitcoin treasury, leading this week’s funding
  • Finary secured $29.4 million Series B for its wealth management platform expansion
  • Kredete raised $22 million Series A to build financial software for African immigrants

According to Crypto Fundraising data, Capital B (ex The Blockchain Group) led this week’s funding period with a $68.85 million raise focused on AI and Bitcoin ecosystem development.

Here’s a comprehensive analysis of this week’s other efforts:

Capital B (ex The Blockchain Group)

  • France-based Capital B raised $68.85 million to boost Bitcoin (BTC) holdings
  • So far, the Euronext-listed Bitcoin Treasury Company has raised a total of $146.89 million.

Finary

  • Wealth management platform Finary secured $29.4 million in a Series B round
  • Its investors include Ventures, Y Combinator, and Speedinvest

Kredete

  • The project has raised $22 million in a Series A round
  • Kredete is a financial software platform focusing on African immigrants
  • The funding was backed by Canary, Partech

Stablecore

  • Stablecore gathered $20 million; backers include Norwest Venture Partners, Coinbase Ventures, and Curql
  • The project is operating in asset management, finance/banking, and stablecoin sectors

Projects > $20 Million

  • GRVT, $19 million in a series A round
  • Mavryk Network, $10 million in a strategic round
  • Openverse, $8 million in a series B round
  • Titan, $7 million in a seed round
  • BIO Protocol, $6.9 million in a seed round
  • Senpi, $4 million in a seed round
  • Superform Labs, $1.42 million in a public sale
  • Epoch Protocol, $1.2 million in a pre-seed round

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