Ledn Inc. Asset Profile

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Year established

2018

Location

Toronto ON Canada

Primary Industry

Financial Services

About

Based in Toronto, Canada, and founded in 2018, Ledn Inc. is a developer of financial products designed to help people save in digital assets. The company offers Bitcoin and US Dollar Coin (USDC) savings accounts and Bitcoin-backed loans. The company was co-founded by Adam Reeds and Mauricio Di Bartolomeo and is backed by investors including White Star Capital, Coinbase Ventures, Global Founders Capital, CMT Digital, and Kingsway. Ledn consists of products such as Save, Borrow, and B2X. Save provides Bitcoin and USDC Savings Accounts where interests are also paid in Bitcoin and in USDC. Borrow is a bitcoin-backed loan that helps customers to access dollars without selling their bitcoin. B2X is a service that allows users to double their bitcoin holdings through a Ledn Bitcoin-backed Loan and a bitcoin purchase. The company’s revenue is generated by the interest income earned in USDC and Bitcoin-backed loans and deposits. Ledn plans to increase its team and hire 20 additional roles. It also plans to raise a Series A round in the latter part of 2021.

Current Investors

Someren Capital, Colchis Capital Management, Arctos Capital

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Primary Industry

Financial Services

Sub Industries

e-Financial, Web Applications

Website

www.ledn.io

Verticals

Blockchain, FinTech, FinTech, FinTech, Mobile Apps

Company Stage

Series B

Total Amount Raised

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