XLD Finance Closes $13 Million Financing Led by Dragonfly Capital and Infinity Ventures Crypto

DeFi services company XLD Finance closed a $13 million round of funding led by Dragonfly Capital and Infinity Ventures Crypto, with participation from IDG Capital, Shima Capital, Woo Network, and Yield Guild Games. The funds raised will be used to scale its product and engineering teams, as well as to expand its networks of licensed partner financial institutions, merchants and billers. Previously, XLD Finance released its first ecosystem project, xSpend, which allows users to pay utility bills and top up their mobile phone using gaming tokens and stablecoins, in January.