TechFlow news: River, a Bitcoin technology and financial services company, has completed a $35 million Series B funding round led by Kingsway Capital, with participation from billionaire Peter Thiel, Cygni, Goldcrest, and Valor Equity Partners.
River primarily offers a wide range of Bitcoin-related services for individuals and businesses, including a zero-fee dollar-cost averaging brokerage, mining, full-reserve custody, and a wallet supporting on-chain and Lightning Network transactions. In October last year, the company launched River Lightning, an application programming interface (API) that enables businesses to more easily connect their applications to the Lightning Network.
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