Folks Finance (Series A)
Funding Details
- Awarder
- Inbox
- Date Award
- November 14, 2024
- Vertical
- DeFi
- Funding URL
- View Funding Page
- Valuation
- $75,000,000
- Funding Amount:
- $3,200,000
Company Info
- Traction
- Since its 2022 mainnet launch, Folks Finance has powered over 15,000 active wallets monthly and has an all-time high TVL of $220 million.
- Founders
- Benedetto Biondi
- Company Description
- Folks Finance is a remote DeFi platform where users can lend, borrow, trade, and manage their digital assets across multiple blockchains. The platform aims to accelerate crosschain expansion with its xChain app, enabling seamless transactions across various networks.
- Market
- Digital Assets
- Location
- USA
- Coinvestors
- SOVO Ventures, Mapleblock, Algorand Ventures