European investment application Lightyear raises $23 million to launch its own cryptocurrency product

According to CNBC, European investment application Lightyear announced a new round of funding of $23 million, led by NordicNinja and co founded by ride hailing giant Bolt, Markus Villig. Other investors include Taavet Hinrikus, co-founder of Wise, and Ott Kaukver, former CTO of Checkout. com, from the Estonian tech industry. According to insiders, Lightyear's valuation after this round of financing has reached $200 million to $300 million, a significant increase from the 2022 financing. Lightyear was founded in 2021 by former Wise employees Martin Sokk and Mihkel Aamer. Its application provides commission free trading services for over 5000 stocks, ETFs, and money market funds worldwide, and currently covers 25 countries. The company is committed to creating a 'European version of Robinhood' and plans to launch its own cryptocurrency product within two months.