CypherD Wallet
Latest round
- Seed
Last raised
- Jun 2022
Total raised
- $4.3M
Investors
- 5
About CypherD Wallet
Founded in 2021 by Kuberan Marimuthu, Founder and CEO, CypherD Wallet Inc, dba Cypher, is headquartered in Bellevue, US. The company focuses on simplifying cryptocurrency usage for individuals and businesses. CypherD Wallet Inc specializes in integrating cryptocurrency capabilities into everyday financial transactions, offering innovative solutions like the Cypher Card for seamless crypto-to-fiat conversions. Users can manage and stake their assets across 18+ blockchain networks, including Ethereum, Tron, and Cosmos, enhancing the usability of their digital assets in real-world scenarios. Additionally, Cypher supports businesses by enabling them to manage corporate expenses directly through integrations with platforms like QuickBooks and Xero, ensuring streamlined expense management tailored for Web3 teams and decentralized autonomous organizations (DAOs). Geographically, Cypher targets markets with a burgeoning interest in cryptocurrency usage, including North America, Europe, and parts of Asia, positioning its offerings to serve both individual consumers and businesses engaged in digital asset management. Cypher's revenue model is primarily driven through transaction fees associated with the loading and spending of the Cypher Card. When clients load their cards with supported tokens, a fee may be incurred, thus generating revenue for the company. Furthermore, businesses utilizing Cypher for expense management can engage in B2B transactions where fees may apply for integrations with financial software like QuickBooks and Xero. Cypher may also explore subscription services for premium features or increased transaction capabilities. Each of these services is designed to provide value to both individual users and corporate clients, fostering a diverse client base that spans from everyday consumers to industry leaders seeking robust crypto banking solutions. Cypher plans to expand its product offerings and enter new markets, specifically targeting further growth in North America, Europe, and Asia in the coming years
Who invested in CypherD Wallet
5 investors across 1 round
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Funding rounds
Seed
Jun 1, 2022
Amount
$4.3M
Investors
Questions about CypherD Wallet
Who invested in CypherD Wallet?
CypherD Wallet has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CypherD Wallet raised?
CypherD Wallet has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did CypherD Wallet last raise money?
CypherD Wallet's most recent round on record is a Seed, in Jun 2022.
What does CypherD Wallet do?
Founded in 2021 by Kuberan Marimuthu, Founder and CEO, CypherD Wallet Inc, dba Cypher, is headquartered in Bellevue, US.
Where is CypherD Wallet headquartered?
CypherD Wallet is headquartered in Newark, US.
Which VCs invest in companies like CypherD Wallet?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at CypherD Wallet's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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