PANews reported on November 14 that according to The Block , the cross-chain decentralized finance (DeFi) platform Folks Finance raised $3.2 million in Series A financing, with a valuation of $75 million. Borderless Capital led this round of financing, with participation from Algorand Ventures, Mapleblock Capital, Sovo Ventures and other companies. The first $2 million of this round of financing was raised in February this year, and the remaining $1.2 million was raised recently. After completing the Series A financing, Folks Finance's total financing amount reached $6.2 million.