Arrington-Backed Startup Launches Crypto-for-Cash Credit Platform - CoinDeskCryptocurrency startup Nexo, which is backed by TechCrunch founder Michael Arrington, has launched a cash-based lending platform. Announced Monday, Nexo provides loans or extends a line of credit using its own assets, said managing partner Antoni Trenchev. To that end, the startup raised $50 million from investors, which will be used to provide liquidity to the company's platform.
Crypto lending may be risky, but these firms say they've solved the riddleA new crypto lender, Nexo, will launch Monday in a market where existing participants have already withstood trial by fire. Such lenders extend credit to those who want to own digital currency, such as bitcoin and ether, and hold onto it long-term while investing it in real estate and elsewhere.
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Credissimo Wins Twice at Forbes Business Awards 2017SOFIA, BULGARIA / ACCESSWIRE / February 4, 2018 / Credissimo brought home two awards from the annual business awards of Forbes magazine. The leader in online lending received the prizes in ''Financial Sector Innovations'' and ''Quality of Services'', respectively.
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