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Crescent Raises $3.5 Million Pre-Seed Round, Launches Rewards Based Waitlist

Crescent announced it has closed a $3.5M pre-seed investment round for its high yield crypto product. The funds will be used to attract new users to its app and further expand its growing team.

Crescent

January 19, 2022

Crescent, a Midwest-based finance startup which helps users earn up to 6% annual percentage yield (APY) through its high yield mobile app — announced it closed a $3.5M pre-seed investment round led by local investors. The company, whose app takes direct aim at traditional and high-yield savings account offerings, says it will use the funds to attract new users to its app and further expand its growing team.

CEO Grant Roscoe founded Crescent in 2018 with the goal of simplifying cryptocurrency-powered financial services for everyday people. Since then, Crescent has recruited senior software engineers from top technology companies, refined its product, and most recently, launched its public waitlist for those interested in becoming early users of the app.

“We have worked to build an experienced team, robust technology, and strong industry relationships. It feels great to announce what we’ve been working on for the last few years, and we have big goals for Crescent’s nationwide launch this year,” Roscoe said.

The app, publicly available soon, will offer early access and rewards to a select number of early subscribers that join the waitlist.

To learn more about Crescent and join the waitlist, check out www.crescent.app.


ABOUT CRESCENT

Crescent is a mobile finance app making high yield interest accessible to all. We bring the best of crypto and blockchain tech to everyday people and help them earn 100X higher interest on their money with up to 6% APY. With employees across the United States, Crescent serves early users in over 36 states and counting.

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