# Defi Technologies Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/defi-technologies-pte

- Industry: Financial Services
- Headquarters: Singapore
- Website: www.vauld.com
- Total disclosed funding: $25M
- Latest round: Series A (Oct 13, 2021)
- Investors on record: 9

## About

Defi Technologies Pte. Ltd. specializes in digital asset management, providing innovative solutions for cryptocurrency trading and lending, tailored for both retail and institutional investors.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 latest funding round was a Series A, raising USD 25.12 mn led by Valar Ventures, and the total amount raised to date is USD 25.12 mn, with a current valuation of USD 88.26 mn.Vauld offers a comprehensive suite of financial products and services aimed at improving digital asset management for both individual and institutional investors. 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. Vauld serves a diverse clientele that includes retail investors, traders, and institutional partners across various geographical markets, including Southeast Asia, Europe, and North America. By integrating advanced technology and robust security measures, the company enhances the user experience and promotes widespread adoption of blockchain-based financial solutions.In the most recent fiscal year of 2023, Vauld generated revenue of USD 4.02 mn and reported an EBITDA of USD 74.59 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. Clients engage with the platform through various transaction structures, such as direct purchases of cryptocurrencies, participation in lending programs, and accessing premium features on a subscription basis. Specific flagship services include competitive interest rates for crypto deposits and advanced trading tools, solidifying Vauld's position in the competitive digital finance landscape.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. The recent Series A funding of USD 25.12 mn will be crucial in supporting these initiatives.

## Funding rounds

- Series A, Oct 13, 2021, $25M — Valar, Pantera Capital, Coinbase Ventures, CMT Digital, Robot Ventures, CoinShares Ventures, Gumi Cryptos Capital, New Form, Cadenza Capital Management

## Investors

- Valar (https://capitalatlas.ai/funds/valar) — Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Series A
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Series A
- CoinShares Ventures (https://capitalatlas.ai/funds/coinshares-ventures) — Series A
- Gumi Cryptos Capital (https://capitalatlas.ai/funds/gumi-cryptos-capital) — Series A
- New Form (https://capitalatlas.ai/funds/new-form) — Series A
- Cadenza Capital Management (https://capitalatlas.ai/funds/cadenza-capital-management) — Series A