Cryptocurrency lending provider APX Lending has completed a $20 million flexible financing, with funding from Cypress Hills

ChainCatcher news, according to CoinDesk, cryptocurrency lending provider APX Lending has completed a $20 million flexible financing round, funded by private credit investment firm Cypress Hills. The flexible financing terms allow borrowers to increase their loans without renegotiating the entire agreement.

APX Lending offers loan services backed by digital assets and plans to use this funding to accelerate its expansion in Canada to meet the growing demand for cryptocurrency-backed loans.