blackfridge: Secures Pre-A Funding

blackfridge Secures Pre-A Funding

  • blackfridge, a Douglas, Isle of Man-based fintech company, secured a pre-A round from FunFairVentures and Gate Ventures
  • The amount of the deal was not disclosed
  • The company intends to use the expand strategic operations and launch poundtoken, the first British-regulated stablecoinfully backed 1:1 by pound sterling (GBP)
  • The – black fridge’sfirst with outside investors – raised a significant amount between the two new partners. A further round is planned for later this year
  • The company is financially regulated and licensed by the Isle of Man Financial Services Authority
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...