iTrustCapital, which claims to be the number one software platform in the US for buying and selling cryptocurrency, has bagged $125m in its Series A.
This investment puts its valuation at $1.3bn.
Growth equity firm Left Lane Capital served as the lead investor to the round.
Proceeds from the round will help the company expand its products and services and expand its client service and development teams. Funds will also be used for strategic acquisitions and launch additional marketing channels.
Prior to this investment, iTrustCapital was bootstrapped. It also claims it is already profitable.
iTrustCapital’s mission is to simplify the IRA investment process. Users can access 24/7 trading, with live customer support and a diverse list of crypto assets.
The FinTech company is exploring new features, including crypto staking services and the ability to participate in governance activities through governance tokens like Uniswap, Compound, MakerDAO, Sushi, Polkadot, and more.
The company, in connection with its partners and vendors, has attracted over $2bn in assets and over 25,000 client-funded accounts since inception.
iTrustCapital CEO Todd Southwick said, “We are thrilled to complete our Series A with Left Lane Capital. We bootstrapped ourselves into the position as the industry leader by focusing on having the best product with excellent client service – and thus grew organically within the crypto community.
“Having the backing of such a reputable fund and access to a highly talented team offers us great strength and further credibility as we bring our service to the tens of millions of new investors coming into this rapidly expanding market.”
Copyright © 2022 FinTech Global