Folks Finance
Latest round
- Series A
Last raised
- Nov 2024
Total raised
- $4.2M
Investors
- 38
About Folks Finance
Based in Milan, Italy, and founded in 2021, Folks Finance doing business as Folks Global Ltd operates as a financial service company is the leading capital markets protocol for lending and borrowing built and operated on top of the Algorand blockchain. Folks Global Ltd is a builder of a financial technology platform for borrowing and lending based on the Algorand blockchain. Furthermore, the company employs capital markets protocol to ensure scalability, low transaction costs, and high levels of security, allowing users to deposit cash to earn an economic return while also obtaining a loan through the provision of a guarantee. Additionally, users can deposit liquidity and start earning a continuous economic return instantly. The company plans to use the November 2024 funds to accelerate the cross-chain expansion of its xchain app, enabling users to lend, borrow, and trade across multiple networks including avalanche, base, Ethereum, arbitrum, and bnb chain, with plans to integrate additional networks.
Who invested in Folks Finance
38 investors across 2 rounds
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Questions about Folks Finance
Who invested in Folks Finance?
Folks Finance has 38 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Folks Finance raised?
Folks Finance has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Folks Finance last raise money?
Folks Finance's most recent round on record is a Series A, in Nov 2024.
What does Folks Finance do?
Based in Milan, Italy, and founded in 2021, Folks Finance doing business as Folks Global Ltd operates as a financial service company is the leading capital markets protocol for lending and borrowing built and operated on top of the Algorand blockchain.
Where is Folks Finance headquartered?
Folks Finance is headquartered in Milan, Italy.
Which VCs invest in companies like Folks Finance?
Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, 7RIDGE and Mouro Capital back financial services companies at Folks Finance's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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