blackfridge: Secures Pre-A Funding

blackfridge Secures Pre-A Funding

  • blackfridge, a Douglas, Isle of Man-based fintech company, secured a pre-A round from FunFairVentures and Gate Ventures
  • The amount of the deal was not disclosed
  • The company intends to use the expand strategic operations and launch poundtoken, the first British-regulated stablecoinfully backed 1:1 by pound sterling (GBP)
  • The – black fridge’sfirst with outside investors – raised a significant amount between the two new partners. A further round is planned for later this year
  • The company is financially regulated and licensed by the Isle of Man Financial Services Authority
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Experian Launches Credit Score App in ChatGPT, Enhancing Financial Access

New tool enables users to check credit scores effortlessly via ChatGPT.Highlights: Experian's app allows users to check credit...

US Senate Passes Bill Banning Issuance of CBDCs

Legislation aims to restrict the development of digital currencies by the Federal Reserve.Highlights: The US Senate approved a...

Truist Expands Open Banking Offerings with Plaid Partnership

Collaboration aims to enhance customer access to financial services.Highlights: Truist collaborates with Plaid for open banking expansion.The partnership...

UK’s National Fraud Database Reports 444,000 Fraud Cases in 2025

Cifas reveals a significant rise in reported fraud incidents across the UK.Highlights: Cifas reported 444,000 fraud cases in...