a16z-backed Lead Bank partners with Loop Crypto

By: theblockbeats.news|2025/12/11 10:15:59

BlockBeats News, December 11th, according to The Block, Loop Crypto announced on Tuesday that it will partner with Lead Bank to seize the anticipated stablecoin growth opportunity.

Lead Bank, a 97-year-old community bank based in Kansas City, Missouri, has recently shifted its focus to fintech and cryptocurrency companies. The bank was acquired by a group of tech executives led by Jackie Reses in 2022. Earlier this year, Lead Bank completed a $70 million Series B funding round, valuing the bank at $1.47 billion. Investors include Andreessen Horowitz (a16z), ICONIQ, Greycroft, Ribbit Capital, Coatue, Khosla Ventures, and Zeev Ventures.

Meanwhile, Loop Crypto announced earlier this year that the company has raised a total of $6 million, with some funding also coming from a16z.

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