Celsius Network operates a blockchain-based, fee-free platform that provides compounding yield services and instant low-cost loans accessible through web and mobile apps. Led by CEO Alex Mashinsky, the company serves hundreds of thousands of consumers worldwide and recently reported more than 1 million registered customers. As of October 8, 2021, Celsius said total assets crossed the $25 billion threshold and it had paid over $850 million in interest to users through its Earn product. The company employed 486 people and plans to use new funding to double headcount to nearly 1,000. Proceeds will also be used to expand its product offering, build bridges between traditional finance and cryptocurrencies, and launch institutional-grade products. Celsius intends to expand globally through strategic acquisitions. Celsius Network is a London, UK-based interest-earning platform that delivers high-interest income and low-cost loans through a mobile app. The company operates a blockchain-based, no-fee platform. Led by CEO Alex Mashinsky, Celsius says it addresses the financial needs of consumers worldwide. It has made equity available to its community via the online investment platform BnkToTheFuture. Previously the company announced a $10M investment from Tether.to at a $120M pre-money valuation. Qualified investors were able to participate in its equity round with investments as small as $1,000.

Total raised

$419M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2021