Libra, a provider of financial reporting services for the crypto assets ecosystem, has completed a $15 million Series B funding round, amounting to $24.8 million to the company’s funding.
Jake Benson, Libra founder and CEO noted in an official statement that, “Libra’s mission is to provide a system of record that allows institutions with crypto transactions to meet the reporting requirements of managers, investors, auditors and regulators.”
The determination of the founder will enable Libra to increase its customer services, improve its team and strengthen its customer base, Benson noted.
The company will use its funding to fund the development of its Libra Crypto Office platform, along with the new products to be launched this year.
Libra’s service automates audit, accounting and tax processes for exchanges, trading operations, funds, fund administrators and enterprises.
The capital integration will boost the company’s spread into new markets including custodians, miners and lender, in addition to supporting its possibilities for further development.
The new round was managed by Libra’s lead investor, with continued participation from Liberty City Ventures.