Cross-chain DeFi platform Folks Finance completes $3.2 million Series A financing

According to The Block, the cross-chain decentralized finance (DeFi) platform Folks Finance has raised $3.2 million in a Series A funding round, reaching a valuation of $75 million. Borderless Capital led this round of financing, with participation from Algorand Ventures, Mapleblock Capital, Sovo Ventures and others. The first $2 million of this round was raised in February this year, while the remaining $1.2 million was recently collected. After completing the Series A funding round, Folks Finance's total financing reached $6.2 million.