DeFi lending platform Morpho completes $50 million funding, led by Ribbit Capital

ChainCatcher news, according to CoinDesk, the DeFi lending platform Morpho has completed a $50 million financing round, led by Ribbit Capital, with participation from Hack VC, IOSG, Rockaway, L1D, Mirana, Cherry, Semantic, Fenbushi, Leadblock Bitpanda, and Robot Ventures.

Heavyweights participating in the private token sale include a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower, and Kraken Ventures.

Ribbit Capital is an early investor in fintech companies such as Robinhood, Revolut, and Coinbase.

Morpho previously raised $18 million in 2022, aiming to integrate the relatively scarce decentralized finance (DeFi) world with the foundational protocol layer of the internet.