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

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