CPE Media News (4/15/2020) – Atomic Loans has raised US $2.45 million in seed funding led by Initialized Capital with participation of pre-seed investor ConsenSys Labs team and a group of new investors including Morgan Creek Digital, Joe Lallouz and Aaron Henshaw of Bison Trails, Russell Verbeeten, Mike Cohen of The Abelian Group, and Regan Bozman.
Founded by Tony Cai and Matthew Black, Atomic Loans is a platform that enables a two-sided marketplace for Bitcoin-backed lending.
Toronto based Atomic Loans intends to use funding to further develop protocol to allow for more flexible lending options, to improve user interface, and to expand its team with new hiring of engineers, designers, business development experts.
photo credit: Atomic Loans – Steven Zhao (VP Eng), Matthew Black (CTO), Tony Cai (CEO)