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

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