Compound raised $ 25 million from Andreessen Horowitz

The decentralized finance or DeFi ecosystem has become one of the most talked about areas in 2019, andit is currently valued at over $650 million. Compound– one of the leading players in this space.

San Francisco company reportedlyraised $ 25 million in the framework of a series A financing round from the popular venture firm Andreessen Horowitz. This means that Compound was able to convince an influential investment company in the future of DeFi.

Over the past few months, the lending marketand loans in the crypto industry has grown significantly. In a recent Fortune interview, Robert Leshner, the founder of Compound, said the organization has assets valued at more than 150 million. Currently, the startup intends to make the services provided more accessible to the mass population. Lesner added that the organization is currently moving towards integration with large exchanges so that customers can borrow their digital assets.

Following the announcement, Chris Dixon, partner Andreessen Horowitz, said:

Compound– it is open to everyone in the worlda credit protocol that allows anyone to earn interest on their money, bypassing banks. We have been working with Robert and his team for over two years and think they are world class technologists and entrepreneurs.

The founder of Compound, in turn, noted that the company's hierarchy will not be able to significantly influence the lending protocol, not to mention traditional banking systems.