{"id":43253,"date":"2021-05-26T18:38:08","date_gmt":"2021-05-26T15:38:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43253"},"modified":"2025-08-31T02:49:04","modified_gmt":"2025-08-30T23:49:04","slug":"ledn-the-crypto-lending-platform-attracted-30-million-from-alan-howard-and-other-investors","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ledn-the-crypto-lending-platform-attracted-30-million-from-alan-howard-and-other-investors\/","title":{"rendered":"Ledn, the crypto-lending platform, attracted $30 million from Alan Howard and other investors."},"content":{"rendered":"<p>The Canadian crypto-lending platform Ledn <a href=\\\"https:\/\/www.businesswire.com\/news\/home\/20210526005154\/en\/Digital-Asset-Savings-and-Loan-Platform-Ledn-Raises-US30M-Series-A\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener nofollow\\\">attracted<\/a> $30 million in a Series A funding round. It was led by venture capital firm Kingsway Capital.<\/p>\n<p>The startup was also backed by billionaire Alan Howard, Reddit co-founder Alexis Ohanian, entrepreneur John Pfeffer, Hashed, Coinbase Ventures, ParaFi Capital and others.<\/p>\n<p>As part of the deal, Kingsway Capital co-founder Manuel Stotz joined Ledn&#8217;s board of directors.<\/p>\n<p>According to the press release, the startup will channel the raised funds into international expansion, the development of its technology platform and products, and hiring.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cWith the new investments, we will consolidate our success in North and South America, and expand our global presence, prioritising emerging markets,\u201d said Ledn co-founder Adam Rids.<\/p>\n<\/blockquote>\n<p>The platform&#8217;s services are used by clients in 105 countries. Assets under management surpassed $1 billion \u2014 a 320% increase over the last six months.<\/p>\n<p>Since the start of 2021, Ledn&#8217;s lending portfolio has grown by 800%, and its savings portfolio by 280%. In the same period, the project team has tripled.<\/p>\n<p>As Mauricio Di Bartolomeo noted in The Block, the aggregate funds raised by Ledn totalled $35 million. According to him, investors valued the startup at $230 million.<\/p>\n<p>Back in March, the crypto-lending platform <a href=\"https:\/\/u1f987.com\/en\/news\/blockfi-raises-350-million-at-a-3-billion-valuation\">BlockFi<\/a> raised $350 million in financing at a $3 billion valuation.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian crypto-lending platform Ledn attracted $30 million in a Series A funding round led by Kingsway Capital.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1097,1133],"class_list":["post-43253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-lending","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=43253"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43253\/revisions"}],"predecessor-version":[{"id":43254,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43253\/revisions\/43254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}