Crypto-friendly bank Lead Bank completes $70 million financing round, led by a16z and others

According to Odaily Planet Daily, crypto-friendly bank Lead Bank has raised $70 million in funding at a $1.47 billion valuation. A16z and Khosla Ventures led the round, with participation from existing investors Ribbit Capital, Coatue, and Zeev Ventures, as well as new investors Iconiq Capital and Greycroft. (Bloomberg)