Nydig scoops up $1bn

Dec 16, 2021 • Robert Lavine

Affirm, FIS, Fiserv, MassMutual and New York Life all contributed to a round valuing the Bitcoin technology provider at over $7bn.

US-headquartered Bitcoin technology producer Nydig raised $1bn yesterday from investors including financial technology providers Affirm, FIS and Fiserv and insurance firms Massachusetts Mutual Life and New York Life.

Growth equity firm WestCap led the round at a valuation above $7bn. It also featured investment banking firm Morgan Stanley and venture capital firms Bessemer Venture Partners (BVP) and FinTech Collective.

Founded in 2017, Nydig has built a technology platform that enables businesses to build products centred on the Bitcoin cryptocurrency for…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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