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Finnish Digital-Asset Lender Tesseract Raises $25M in Series A Funding
The company plans to use the money for hiring and product development.
Updated May 9, 2023, 3:20 a.m. Published Jun 21, 2021, 7:00 a.m.
Finnish digital-asset lender Tesseract has raised $25 million in a Series A funding led by U.K. investor Augmentum Fintech.
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- The Helsinki-based firm offers digital-asset lending products, including margin loans, to institutional clients such as hedge funds and retail trading platforms.
- Tesseract partnered with U.K. custody firm Copper in October to launch a margin trading lending service, allowing clients to borrow funds and trade them automatically across different exchanges.
- Other participants in the round included Coinbase Ventures, BlackFin Capital Partners and Jabre Capital Partners Family Office, Tesseract said in an emailed statement.
- Tesseract plans to use the money for hiring and product development.
- The firm said its clients include international financial institutions, which it declined to identify.
Read more: Crypto Lending Firm Ledn Raises $30M From Alan Howard, Coinbase and More
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