MyBanker raises $25M to launch crypto program
July 27, 2022
Ken Dotson, CEO of MyBanker, has announced that the company has raised $25 million from outside investors in order to help crypto currency companies.
MyBanker has approximately $1.5 billion in assets under management and has crypto currency representing about 10% of those assets. The firm has traditionally invested across early-, mid-, and late-stage companies, but Dotson said they wanted to take a more proactive approach last year. The new strategy involves collaborating with crypto developers in an incubation program. Dotson believes this will help further the development of crypto currency.
The capital raised will go towards the program and supporting crypto currency companies. This is a significant move by MyBanker and could help shape the future of crypto currency.