Defi Technologies Pte.
Latest round
- Series A
Last raised
- Oct 2021
Total raised
- $25M
Investors
- 9
About Defi Technologies Pte.
Defi Technologies Pte. Ltd.Defi Technologies Pte. Ltd. was founded in 2018 and operates from Singapore. The company offers a platform for cryptocurrency transactions and lending solutions. In July 2022, it filed for bankruptcy protection, indicating a shift in its business operations. The company was co-founded by Wouter Witvoet, who has a history of entrepreneurial ventures in the tech and finance sectors. The core offerings include a cryptocurrency exchange platform, wallet services, and lending solutions that allow users to earn interest on their digital assets. These products address key use cases such as facilitating the buying, selling, and trading of cryptocurrencies while providing safe and accessible ways to store and grow assets.59 mn. The company generates revenue through a combination of transaction fees, interest income from lending services, and subscription-based offerings tailored to different user segments.Following the financial restructuring in July 2022, Defi Technologies Pte. Ltd. is actively seeking buyers to stabilize operations. The company is exploring opportunities to expand its product offerings and penetrate new markets, particularly within Southeast Asia and North America, aiming for significant advancements by 2024.12 mn will be crucial in supporting these initiatives.
Who invested in Defi Technologies Pte.
9 investors across 1 round
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Funding rounds
Series A
Oct 13, 2021
Amount
$25M
Investors
Questions about Defi Technologies Pte.
Who invested in Defi Technologies Pte.?
Defi Technologies Pte. has 9 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 Defi Technologies Pte. raised?
Defi Technologies Pte. has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Defi Technologies Pte. last raise money?
Defi Technologies Pte.'s most recent round on record is a Series A, in Oct 2021.
What does Defi Technologies Pte. do?
Defi Technologies Pte. is a financial services company.
Where is Defi Technologies Pte. headquartered?
Defi Technologies Pte. is headquartered in Singapore.
Which VCs invest in companies like Defi Technologies Pte.?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and ABQH Shenzhen Investment Fund Management back financial services companies at Defi Technologies Pte.'s stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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