Morpho Raises $50 Million in Strategic Funding Round Led by Ribbit Capital

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Cointime2024/08/01 14:39

By:Cointime

Decentralized cryptocurrency lending protocol, Morpho, has secured $50 million in a strategic funding round led by Ribbit Capital, an investor in fintech firms such as Coinbase, Revolut, and Robinhood. The funding was raised through a private token sale, and the company did not disclose its valuation. This is the second funding round for Morpho, which previously raised $18 million in 2022 when its CEO, Paul Frambot, was still in college.

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