River Financial, a U.S.-based Bitcoin financial provider, recently announced it secured $12 million through its Series A funding round, which was led by Goldcrest Capital with participation from Craft Ventures, Polychain Capital, M13, Castle Island, Slow Ventures, and The Kraft Group. The investment round comes less than a year after River Financial raised $5.7 million in seed funding.
Founded in 2019, River Financial describes itself as a firm dedicated to helping people invest in Bitcoin.
“We provide our clients with premium customer service, investment tools, and access to cutting-edge Bitcoin technology.”
River noted that its flagship product, a Bitcoin brokerage, provides sophisticated retail investors with a high-end platform to buy and sell Bitcoin. The product notably delivers best-in-class security, a world-class client service experience, and investment performance tools that enable clients to harness the transformative possibilities of Bitcoin and become confident Bitcoin investors. While sharing more details about the company’s key mission, River Financial Co-Founder and CEO, Alex Leishman, stated:
“Bitcoin is on a trajectory to becoming a global reserve asset, and we are building the financial services that our clients will need for that future.”
River Financial Co-Founder and COO, Andrew Benson, added:
“River’s mission is to bring Bitcoin to investors around the world. Even as global interest in Bitcoin grows rapidly, most Americans over the age of 45 who want Bitcoin still don’t own any. River is helping to fix that by creating familiar, high-end financial solutions for investors who are new to Bitcoin.”
The Series A funds will be used to continue the growth and development of the River Financial products.