Payward Secures Record-Breaking Funding at $20 Billion Valuation

Payward, the parent company of cryptocurrency exchange Kraken, has secured new funding at a valuation of $20 billion. This latest development is part of the company's ongoing efforts to expand its presence in the fintech industry.

The fundraising round comes as Payward continues to make strategic acquisitions, having recently purchased Reap for $600 million and Bitnomial for $550 million. These deals demonstrate the company's commitment to growing its portfolio and increasing its market share.