TechFlow news, on November 25, according to Bloomberg, Matrixport, a Singapore-based cryptocurrency financial services firm founded by Wu Jihan, is seeking to raise $100 million at a valuation of $1.5 billion. The company has already secured $50 million in investment commitments from major investors. Sources indicated that the deal has not yet been finalized, and the company is still seeking investors for the remaining half of the funding.
According to disclosed investor materials, Matrixport said it processes $5 billion in transactions per month, manages and custodies assets totaling tens of billions of dollars, and has nearly 300 employees.
Earlier reports indicated that Matrixport concluded its Series C financing round in August last year, raising $100 million at a pre-money valuation exceeding $1 billion, with participation from DST Global, C Ventures, C EInnovation Capital, Tiger Global, Polychain, and Dragonfly, among others.Original link
