The $6.4 million seed round was led by Canadian VC firm Framework Ventures and included investment from Coinbase, DeFi Alliance and Longhash Ventures.
Both Block Earner’s founders are founding members of Synthetix, a DeFi platform that is one of Australia’s largest crypto exports, valued at $2 billion. Synthetix’s founder and rich-lister, Kain Warwick, also backed the raise, along with AAVE founder Stani Kulechov and Avalanche founder Emin Gün Sirer.
These investors have made traditional equity investments in Block Earner, but the founders say there’s scope for the project to possibly release its crypto token in the future.
“Australian fintech players are taking over the world. We are beyond excited to back the Block Earner team as they build out the first crypto native Fintech to serve Australia, and then the world,” Vance Spencer, co-founder of Framework Ventures, said.
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