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Lantern Finance XLM Expansion

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Lantern Finance

Lantern Finance provides crypto-backed loans, allowing users to borrow cash against their cryptocurrency assets like Bitcoin, Ethereum, XRP, and others. This service enables clients to access liquidity for various needs such as real estate purchases, tax payments, or investments, without selling their crypto and triggering a taxable event. The company emphasizes security, using BitGo as a qualified crypto custodian with up to $250MM in insurance, and ensures collateral is never lent out. Lantern Finance is a registered Money Services Business (MSB) with FinCEN, implementing KYC and AML processes for secure and compliant transactions. The loan process is streamlined: users create an account, deposit collateral, and receive cash in their bank account. Loans are typically for a 12-month term with a fixed interest rate, and can be paid back early without penalties.
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Funding Rounds

Funding Round: Pre-Seed
Funding Date: 28 Feb, 2025
Raised Amount: $1M
Funding Round: Pre-Seed
Funding Date: 1 Feb, 2025
Raised Amount: $1M

Investors