Paxos Enters Fintech Unicorn Club With $300M Seried D Funding Round At $2.4B Valuation

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New York headquartered cryptocurrency startup Paxos raised $300 million in Series D funding round at a valuation of $2.4 billion. The round was led by Oak HC/FT and also witnessed participation of existing investors including PayPal Ventures, Declaration Partners and Senator Investment Group, bringing the total amount of funds raised by Paxos to over $535 million.

Founded in 2012 by Charles Cascarilla and Richmond Teo, the cryptocurrency startup has evolved into a regulated financial institution building infrastructure to enable movement between physical and digital assets.

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