Digital currency network Cari completes first round of external financing worth $32.5 million.
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According to BusinessWire, bank-led digital currency network Cari has announced the completion of the first phase of its initial external financing round, raising $32.5 million, with all investors being banking institutions. The investors include six of Cari’s design partner banks—First Horizon Bank, Huntington Bank, KeyBank, M&T Bank, Old National Bank, and SouthState Bank—as well as other institutions such as Glacier Bank. Keefe, Bruyette & Woods, a Stifel subsidiary, served as the financial advisor for the transaction.
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