Odaily Planet Daily News French crypto trading company Flowdesk successfully raised $102 million, of which about 90% was equity financing and about 10% was debt financing. The new funds will be used to expand services, including setting up a crypto credit department and opening an office in the UAE.
Flowdesk focuses on market making and liquidity provision, and has achieved an eight-fold increase in revenue in 2024. This round of financing was led by European investor HV Capital and participated by French private equity firm Eurazeo. Debt financing came from funds managed by BlackRock.
Flowdesk plans to use this funding to expand its OTC derivatives business and provide competitive lending and loan solutions. The company will also increase its headcount and open more offices in the next year. In addition, Flowdesk is also actively preparing to meet the compliance requirements of the EU MiCA regulations.