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Lead Bank raises $70 million in valuation at $1.47 billion

Source: Htx
Huobi HTX reports that 97-year-old Missouri bank Lead Bank is now reorganizing to serve fintech and cryptocurrency companies. The company has raised $70 million in funding and a valuation of $1.47 billion, almost double last year’s, aiming to expand its balance sheet and customer base. The bank said Silicon Valley’s most well-known investors, Andreessen Horowitz and Khosla Ventures, and other existing investors, including Ribbit Capital, Coatue and Zeev Ventures, participated in the round. Newly-joined Iconiq Capital and Greycroft also participated in the round.
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