Mainframe Group
Latest round
- Seed
Last raised
- Mar 2018
Total raised
- $0.2M
Investors
- 17
About Mainframe Group
Mainframe Group, Inc.Founded in 2013 in Lehi, US, Mainframe Group, Inc. operates within the decentralized finance sector, providing innovative solutions for crypto lending. Damian Manning and Steve Robinson founded the company, and Doug Leonard currently serves as the CEO.Mainframe specializes in fixed-rate crypto lending, providing a platform that enables users to lend and borrow cryptocurrencies with a high degree of reliability and transparency. Their core product offering includes a decentralized finance (DeFi) solution designed to facilitate peer-to-peer lending and borrowing, allowing customers to earn interest on their crypto holdings or access liquidity without the need for traditional financial intermediaries. By utilizing smart contracts, Mainframe ensures that transactions are executed automatically and securely, addressing common pain points in the crypto lending space such as volatility and trust.Mainframe's revenue model is centered around transaction fees generated from its lending and borrowing services, where users pay a fee for each completed transaction on the platform. In a typical scenario, a user seeking to lend their cryptocurrency would create a lending offer, and upon matching with a borrower, both parties would engage in a transaction governed by a smart contract. This contract ensures that the agreed-upon interest rates and terms are adhered to, and Mainframe collects a fee from both the lender and borrower for facilitating the transaction. The structure of these transactions reflects a B2C model where individual users directly access the platform for their crypto financial needs.Mainframe Group, Inc. The company is in the process of designing new features aimed at improving user experience and increasing the range of cryptocurrencies supported. Additionally, Mainframe plans to target expansion into new geographic markets, specifically in regions across Asia and Europe, by the end of 2023, to capitalize on the growing demand for crypto lending solutions.
Who invested in Mainframe Group
17 investors across 3 rounds
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Questions about Mainframe Group
Who invested in Mainframe Group?
Mainframe Group has 17 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Mainframe Group raised?
Mainframe Group has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Mainframe Group last raise money?
Mainframe Group's most recent round on record is a Seed, in Mar 2018.
What does Mainframe Group do?
Mainframe Group is a internet company.
Where is Mainframe Group headquartered?
Mainframe Group is headquartered in Lehi, US.
Which VCs invest in companies like Mainframe Group?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Mainframe Group's stage. Their profiles are linked below.
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