According to TechFlow, on August 1, Coindesk reported that the DeFi lending protocol Morpho completed US$50 million in financing. This round of financing was led by Ribbit Capital. Other heavyweights participating in the private token sale included a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower and Kraken Ventures.
Morpho previously received $18 million in financing in 2022, when CEO Paul Frambot was still a junior in college. Morpho aims to integrate decentralized finance with the Internet's basic protocol layer, promote the transformation of private financial infrastructure into public products, and develop flexible lending application scenarios with the support of fintech investors such as Ribbit.
