DeFi app Boku co-founder denies raising $6.5m

10/20 19:49

According to The Block, documents filed with Companies House, the UK's private company information registry, show that DeFi investment app Boku has closed a £5.8 million ($6.5 million) funding round with venture capital firms Lakestar and Connect Ventures as the largest investors in the round, with participants including Augmentum Fintech, Eagle Investments and Nordstar Ventures, among others. Boku is an upcoming mobile app that aims to connect its users to DeFi earnings through a mobile app. According to people familiar with the matter, Boku claims to offer a yield of up to 7% on customer deposits. Two people familiar with the matter confirmed several details of the fundraising. However, Phuc To, one of the co-founders of Boku and former head of product at Revolut, told The Block, "Your source is incorrect, we haven't raised any money recently." The other two co-founders did not respond to requests for comment.

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