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Article: London-based Gro grows a $7.1 million seed to make decentralised finance more accessible

Money, Open Governance

London-based Gro grows a $7.1 million seed to make decentralised finance more accessible

London-based Gro has closed a $7.1 million seed round with the aim of making decentralised finance more accessible. The round was led by decentralised finance VCs Galaxy Digital and Framework Ventures, and saw participation from Variant, Nascent, a_capital, and Northzone. Angel investors including founders of DeFi protocols Aave, Compound and Synthetix also contributed.

Co-founded in 2020 by former VP of Growth at Revolut Hannes Graah, Gro’s existing team is composed of former Revolut, Spotify, Goldman Sachs, and Morgan Stanley professionals.

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Article: Open Finance: An Alternative to Traditional Financial Services

Money, Open Governance

Open Finance: An Alternative to Traditional Financial Services

Also known as DeFi (decentralized finance), open finance can be defined as financial products and services built on public blockchains. While Bitcoin itself is technically considered a form of open finance, a new crop of open finance applications largely built on Ethereum are now at the forefront of innovation in the crypto and blockchain space.

These applications offer a glimpse at how the financial world might look if it were decentralized and truly open.

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