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Parallel Finance raises $5m in Series A funding

Kate Wang

April 5, 2022

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Kate Wang

defi
staking

SF based DeFi lending and staking protocol raised $5m in Series A funding led by Section 32.

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"Parallel Finance has plans to expand its app beyond the Polkadot ecosystem, initially with Ethereum. and wants to expand into the non-fungible token (NFT) business by supporting NFTs as collateral."

https://www.coindesk.com/business/2022/04/05/defi-super-app-parallel-finance-doubles-valuation-plans-up-to-60m-series-b/

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