Galaxy Digital and Block.One Lead $30 Million Funding Round for US Disruptor Ban

[Nikko]

Cryptocurrency-focused merchant bank Galaxy Digital and Block.One have led a $30 million Series A investment round in U.S. neo-banking platform Good Money. The news was confirmed by a press release Dec. 10.

Aiming to balance user ownership with part donation of profits and equity, Good Money provides banking services and a handful of associated financial instruments to U.S. account holders.

The investment came mostly via Galaxy and Block.One’s joint Galaxy EOS VC fund, one of several funds under the Block.One umbrella.

“Modern banking is a primary driver of so many issues we face as a society - from economic inequality, institutional racism, environmental destruction to political corruption,” Good Money founder Gunnar Lovelace commented in the press release.

The neo-banking market is quickly gaining ground over traditional providers both within and outside the U.S.

Readmore: https://cointelegraph.com/news/galaxy-digital-and-blockone-lead-30-million-funding-round-for-us-disruptor-bank