Fordefi
Latest round
- Seed
Last raised
- Feb 2024
Total raised
- $28M
Investors
- 14
About Fordefi
Founded in 2021, Fordefi operates from New York, US, providing advanced wallet solutions for the DeFi market.00 mn from Paxos Trust Company, LLC, emphasizing their strategy to integrate secure asset management into institutional finance.Fordefi specializes in providing a comprehensive Multi-Party Computation (MPC) wallet platform designed to enhance security and streamline operations within the decentralized finance (DeFi) ecosystem. Their core offerings include a wallet API that facilitates secure private-key management, enabling users to mint, custody, and transfer digital assets, including tokens and NFTs. The platform also features a browser extension that allows seamless connectivity to thousands of decentralized applications (dApps) across multiple blockchains, simplifying asset transfers and interactions within the DeFi space. Additionally, Fordefi incorporates a flexible policy engine that empowers users to define granular workflow policies tailored to their operational needs.Fordefi generates revenue primarily through its subscription-based model for its MPC wallet services. Clients enter into partnerships to leverage Fordefi's technology, which includes tailored solutions for digital asset management and DeFi trading operations. The revenue structure is built around service agreements that encompass comprehensive access to their wallet API, policy management features, and ongoing technical support. Clients often engage in B2B transactions, with institutional users relying on Fordefi to secure their operations while facilitating high-volume transactions across various blockchains.Fordefi's strategy for future growth includes the development of new products designed to enhance their MPC wallet capabilities, with targeted launches expected in 2026. The company also plans to expand its reach into emerging markets in Southeast Asia and Latin America by 2027, aiming to establish a stronger presence in these regions.
Who invested in Fordefi
14 investors across 2 rounds
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Questions about Fordefi
Who invested in Fordefi?
Fordefi has 14 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 Fordefi raised?
Fordefi has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Fordefi last raise money?
Fordefi's most recent round on record is a Seed, in Feb 2024.
What does Fordefi do?
Founded in 2021, Fordefi operates from New York, US, providing advanced wallet solutions for the DeFi market.
Where is Fordefi headquartered?
Fordefi is headquartered in New York, US.
Which VCs invest in companies like Fordefi?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Fordefi's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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