Flowdesk Raises $50 Million in Funding
Flowdesk recently secured $50 million in funding led by Cathay Innovation, with Ripple and Eurazeo also participating. This funding comes not long after a successful Series A funding round of $30 million in June.
Strategic Investment
Flowdesk’s recent Series B funding round, led by Cathay Innovation, has increased its valuation to over $250 million, a significant growth from the previous $100 million valuation in the Series A round. This round also saw Jacky Abitbol from Cathay Innovation joining Flowdesk’s Board of Directors, with contributions from other funds and organizations as well.
Flowdesk has reported significant growth in trading volumes and revenue, with plans to expand globally into Singapore and the U.S. The $50 million funding will also be used to expand the company’s over-the-counter (OTC) offerings and add more people to its current workforce.
Awaiting Regulatory Compliance
Flowdesk’s future growth plans include expanding globally, particularly in Singapore and the U.S., as well as obtaining licenses and ensuring compliance with regulations. The company also plans to hire around 50 new employees to support its growth and expansion.
In Conclusion
Flowdesk’s recent funding positions them for global expansion, enhanced regulatory compliance, and continued contribution to the evolving crypto landscape.
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