Cross-chain DeFi platform Folks Finance has announced the completion of a $3.20 million Series A funding round, reaching a valuation of $75 million. Borderless Capital led the round, with participation from Algorand Ventures, Mapleblock Capital, and Sovo Ventures. Benedetto Biondi, co-founder and CEO of Folks Finance, stated that the initial goal for this funding round was to raise $2 million, which was ultimately exceeded. Folks Finance was launched in 2022, providing cross-chain lending and asset management services, supporting multiple blockchains. (TheBlock)

<div>\n\t\t\t\tCross-chain DeFi platform Folks Finance announced the completion of a $3.20 million Series A funding round, with a valuation of $75 million. Borderless Capital led the investment, with participation from Algorand Ventures, Mapleblock Capital, and Sovo Ventures. Folks Finance co-founder and CEO Benedetto Biondi stated that the initial goal for this round was to raise $2 million, but it ultimately exceeded that amount. Folks Finance was launched in 2022, providing cross-chain lending and asset management services, supporting multiple blockchains. (TheBlock)\n\t\t\t\t<br/><br/></div>

Cross-chain DeFi platform Folks Finance announces the completion of a $3.20 million Series A funding round.