Kingsway Capital, Coinbase Ventures, Susquehanna and other investors also participated in the Series A round.
After growing in Latin America, the firm wants to bring its micro-loans and stablecoin savings features to other emerging markets.
Ledn is now offering USDC stablecoin savings accounts through a partnership with the crypto lending and trading conglomerate Genesis.
The $350 million MakerDAO protocol has become the most important project in DeFi, and DeFi has emerged as the most viable part of Ethereum.