Flowdesk completes $102 million in financing to expand trading and liquidity operations

PANews reported on March 4 that according to The Block, French crypto trading company Flowdesk completed a financing of US$102 million, of which 90% were equity financing and 10% were debt financing. This round of financing was led by HV Capital, with existing investors Eurazeo, Cathay Innovation and ISAI VC participating, and the debt financing was partly provided by funds managed by BlackRock. Flowdesk plans to use the funds to expand its OTC derivatives trading business, launch a crypto credit division and set up a new office in the UAE. The company also plans to double the number of employees in the next 12 months, strengthen regulatory compliance, and actively respond to the implementation of EU MiCA regulations.