Funding · Fintech
Cari raises $32.5M for bank-governed digital money network
Cari raised $32.5 million in September financing backed by First Horizon, Huntington, KeyBank, M&T, Old National, SouthState and Glacier banks.
The company plans to move its tokenized-deposit network toward production, accelerate bank onboarding and integration, and expand programmable-money and digital-asset capabilities.
More than 30 financial institutions are working with the network, including six design partners. The financing supports the transition from that collaboration toward production operations.
Use of funds
Move the network toward production and scale
Accelerate bank onboarding and integration
Expand products and programmable money use cases
Advance digital asset capabilities for participant banks
Funding history
Funding · This round$32.5M