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Bitcoin Financial Services Provider River Raises $35M in Series B Funding Round

Bitcoin financial services provider River has raised $35 million in a Series B funding round led by Kingsway Capital, with participation from Peter Thiel. River offers bitcoin-related services for individuals and businesses, including zero-fee dollar-cost averaging, mining, full-reserve custody, and a Lightning Network-enabled wallet.

The company also launched River Lightning, an API that allows companies to connect their applications to the Lightning Network. Other investors in this funding round included Cygni, Goldcrest, and Valor Equity Partners. River's goal is to provide a seamless way for individuals to invest in bitcoin as an alternative to the traditional system.

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