Crypto-friendly bank Lead Bank completes $70 million financing round at a valuation of $1.47 billion, led by a16z and others

Lead Bank, a 97-year-old Missouri lender that has been restructured to focus on serving fintech and cryptocurrency companies, has completed a $70 million financing round at a $1.47 billion valuation as it expands its balance sheet and expands its customer base - nearly double its valuation last year.