{"id":49835,"date":"2023-05-16T11:17:54","date_gmt":"2023-05-16T15:17:54","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=49835"},"modified":"2023-05-16T11:39:05","modified_gmt":"2023-05-16T15:39:05","slug":"river-secures-35m-with-peter-thiels-support","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/river-secures-35m-with-peter-thiels-support\/","title":{"rendered":"River secures $35M with Peter Thiel&#8217;s support\u00a0"},"content":{"rendered":"\n<p>River, a Bitcoin technology and financial services company has raised $35 million in a <a href=\"https:\/\/coinmarketcap.com\/headlines\/news\/river-financial-bitcoin-startup-fundraise-peter-thiel\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Series B funding round led by Kingsway Capital<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>, with participation from billionaire investor Peter Thiel and others.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/River-1024x536.jpg\" alt=\"River secures $35M with Peter Thiel's support \" class=\"wp-image-49837\" width=\"858\" height=\"449\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/River-1024x536.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/River-300x157.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/River-768x402.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/River-1536x804.jpg 1536w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/River-1320x691.jpg 1320w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/River-750x393.jpg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/River-1140x597.jpg 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/River.jpg 1920w\" sizes=\"(max-width: 858px) 100vw, 858px\" \/><\/figure>\n\n\n\n<p>The company offers a suite of Bitcoin services for individuals and businesses, including a brokerage that provides:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Zero-fee dollar-cost averaging<\/li>\n\n\n\n<li>Mining<\/li>\n\n\n\n<li>Full-reserve custody<\/li>\n\n\n\n<li>A wallet for on-chain and Lightning Network transactions<\/li>\n<\/ul>\n\n\n\n<p>This Bitcoin scaling solution settles transactions off-chain for faster speeds and lower fees.<\/p>\n\n\n\n<p>Companies can connect their applications to the Lightning Network with River\u2019s API, which El Salvador\u2019s <a href=\"https:\/\/coinscreed.com\/staging\/el-salvadors-chivo-wallet-processed-52m-in-remittances-in-2022.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Chivo Wallet <\/a>and other platforms use.<\/p>\n\n\n\n<p>Alex Leishman, CEO of River, stated that the funding would enable the company to extend its services and reach more customers seeking an alternative to the traditional financial system.<\/p>\n\n\n\n<p><em><strong>\u201cThese bank failures and bailouts have been a reminder of why Bitcoin is so important,\u201d <\/strong><\/em>he said. <strong><em>\u201cIt\u2019s a secure path to a fairer, more equal, and transparent global economy.\u201d<\/em><\/strong><\/p>\n\n\n\n<p>River was founded in 2019 and is headquartered in Columbus, Ohio. In 2021, the company raised $12 million in a Series A round.<\/p>\n\n\n\n<p>Other investors in the Series B round included Cygni, Goldcrest, and Valor Equity Partners.<\/p>\n\n\n\n<p>Visit River\u2019s <a href=\"https:\/\/river.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">website<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> or follow them on <a href=\"https:\/\/twitter.com\/RiverFinancial\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Twitter<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> for more information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>River, a Bitcoin technology and financial services company has raised $35 million in a Series B funding round led by Kingsway Capital , with participation from billionaire investor Peter Thiel and others. The company offers a suite of Bitcoin services for individuals and businesses, including a brokerage that provides: This Bitcoin scaling solution settles transactions [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":49837,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[73],"tags":[7842,152,14488,4042],"class_list":["post-49835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi-news","tag-peter-thiel","tag-bitcoin","tag-river-financial","tag-venture-capital"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/River.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/49835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=49835"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/49835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/49837"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=49835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=49835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=49835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}