Visa has contributed to a $40m series B round for Anchorage, which is working on cryptocurrency protection technology that does not require a password.
US-based cryptocurrency protection technology producer Anchorage collected $40m in series B capital yesterday from investors including payment processing firm Visa.
Blockchain Capital led the round, which also included Andreessen Horowitz. The latter led a $17m series A round for Anchorage six months ago, with the participation of Khosla Ventures and assorted angel investors.
Founded in 2017, Anchorage’s approach to safeguarding cryptocurrency wallets requires withdrawals to be approved by other employees.
Specifically, a company whitelists the devices of select employees on…
