Cryptocurrency Network Cari Completes $32.5 Million Series A External Financing

BlockBeats News, September 3rd - According to BusinessWire, the bank-led digital currency network Cari announced the completion of the first phase of its external financing, raising $32.5 million. All investors are banking institutions. The investors include Cari's six design partner banks - First Horizon Bank, Huntington Bank, KeyBank, M&T Bank, Old National Bank, and SouthState Bank - as well as other banking institutions like Glacier Bank. Keefe, Bruyette & Woods (a subsidiary of Stifel) acted as the financial advisor for the transaction.