Odaily News French crypto trading company Flowdesk has successfully raised $102 million, of which about 90% is equity financing and about 10% is debt financing. The new funds will be used to expand services, including setting up a crypto credit department and opening an office in the UAE.
Flowdesk focuses on market making and liquidity provision, and has achieved an eightfold increase in revenue by 2024. This round of financing was led by European investor HV Capital, with participation from French private equity firm Eurazeo, etc. Debt financing came from funds managed by BlackRock.
Flowdesk plans to use the funds to expand its OTC derivatives business and provide competitive lending and loan solutions. The company will also increase its headcount and open more offices in the next year. In addition, Flowdesk is also actively preparing for compliance with the EU MiCA regulations.