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Basis Desk
Funding & Deals · 1 min read

River Raises $35 Million in Series B Round Led by Kingsway Capital

The Bitcoin financial services firm plans to expand its enterprise Lightning Network API following backing from Peter Thiel and others.

Neutral
$BTC $83,654 −1.3%

Key points

  • River secured $35 million in Series B equity funding led by Kingsway Capital with backing from Peter Thiel.
  • The company offers full-reserve Bitcoin custody, retail brokerage, mining, and Lightning Network infrastructure.
  • Capital from the round will support the expansion of River Lightning, an enterprise API serving clients including El Salvador's Chivo wallet.

Bitcoin-focused financial services company River secured $35 million in a Series B funding round, the company announced on Sept. 28 1. Kingsway Capital led the equity investment, with participation from Peter Thiel, Goldcrest, Cygni, M13, Valor Equity Partners, Esas Ventures, and Alarko Ventures 1.

River provides an array of $BTC services spanning brokerage accounts with zero-fee recurring purchases, mining services, full-reserve custody, and on-chain as well as Lightning Network wallet functionality 1. Alex Leishman, chief executive officer of River, stated that the interest driving the company's recent momentum stems primarily from enterprise and institutional participants seeking alternatives to conventional banking models 1. At the time of writing, Bitcoin was trading at $83,860, down 0.7% over the previous 24 hours.

Expanding Lightning Infrastructure

The company plans to allocate a portion of the capital toward growing River Lightning, its enterprise application programming interface (API) tailored for corporate integration with the Lightning Network 1. The infrastructure tool already underpins transaction rails for various crypto applications, including El Salvador's official Chivo wallet 1.

According to River, transaction volume on the Layer 2 network has expanded markedly over the past year, spurred higher in recent weeks by rising on-chain transaction fees 1. Moving forward, the startup aims to position its enterprise infrastructure as a primary backend payment processor for third-party crypto platforms and financial applications 1.

Sources

  1. [1] Bitcoin Company River Raises $35 Million In Series B Funding — prnewswire.com, September 28, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: hello@basisdesk.news.

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