DeFi lending protocol Maple Finance raises $5 million in funding
DeFi lending protocol Maple Finance has announced that it raised $5 million in new strategic funding. The funding round was led by BlockTower Capital and Tioga Capital, with participation from Cherry Ventures, The Spartan Group, GSR Ventures, Veris Ventures, Maven 11 Capital, and Framework Ventures. Maple Finance plans to use the funds to expand in Latin America and the Asia-Pacific region, as well as to establish partnerships with other protocols, financial services providers, and credit experts.
Key points:
– Maple Finance raised $5 million in strategic funding.
– BlockTower Capital and Tioga Capital led the funding round.
– The funds will be used for expansion in Latin America and the Asia-Pacific region.
– Maple Finance aims to establish partnerships with other protocols and financial services providers.
– The company plans to become a leading lending marketplace and technology provider in the world of traditional finance.
Hot Take:
Maple Finance’s successful funding round is a testament to the growing interest and investment in the decentralized finance space. With the funds raised, the company is well-positioned to expand its presence and establish itself as a key player in both the DeFi and traditional finance industries. This is an exciting development for the crypto community and highlights the increasing convergence between the traditional financial system and blockchain technology.
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