TechFlow news, according to Bloomberg, Amber Group, a crypto financial services platform, has raised $200 million at a $3 billion valuation. The round was backed by Temasek, Sequoia China, Pantera Capital, and Tiger Global Management, among others.
Founded in 2018 by five former Morgan Stanley traders, the company plans to use the funds to hire staff across Europe and the Americas, and expand the reach of its app launched globally last year. Around 180 companies have applied for licenses to operate regulated cryptocurrency businesses in Canada, but as of January, only five have received conditional approval. Amber declined to comment on whether it has applied for a license.
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