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Lead Bank includes Loop Crypto in the core member list to expand stablecoin and payment services
Goldfinch News reports that Lead Bank, supported by A16z, has been included in the core member list of Loop Crypto, aiming to expand its stablecoin and payments business.
Lead Bank is a community bank with 97 years of history, headquartered in Kansas City, Missouri, USA. However, in recent years, it has transformed to focus on fintech companies and cryptocurrency firms. In 2022, a group of tech executives led by Jackie Reses acquired Lead Bank. Earlier this year, Lead Bank raised $70 million in Series B funding, valuing it at $1.47 billion. Investors include Andreessen Horowitz (a16z), ICONIQ, Greycroft, Ribbit Capital, Coatue, Khosla Ventures, and Zeev Ventures.