# Mainframe Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mainframe-group

- Industry: Internet
- Headquarters: Lehi, US
- Website: www.mainframe.com
- Total disclosed funding: $0.2M
- Latest round: Seed (Mar 1, 2018)
- Investors on record: 17

## About

Mainframe Group, Inc. is a financial technology company specializing in fixed-rate crypto lending, offering a reliable platform for users to lend and borrow cryptocurrencies seamlessly.Founded in 2013 in Lehi, US, Mainframe Group, Inc. operates within the decentralized finance sector, providing innovative solutions for crypto lending. The company has raised a total of USD 0.20 mn in Seed funding, primarily from investors such as CoinZoom Securities Ventures and Faber Ventures. Damian Manning and Steve Robinson founded the company, and Doug Leonard currently serves as the CEO. Mainframe has completed 5 different deals with the most recent one on March 1, 2018, contributing to its current valuation of USD 7.20 mn.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. The primary customers and end users of Mainframe’s services are cryptocurrency holders, traders, and investors looking for alternative financing options, predominantly in markets such as North America, Europe, and parts of Asia where cryptocurrency adoption is rapidly increasing.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. While specific pricing details for transactions are not disclosed, the firm employs a competitive fee structure to attract a broad customer base seeking reliable crypto lending solutions.Mainframe Group, Inc. intends to leverage its recent Seed funding round from March 2018 to expand its product offerings and enhance its platform. 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.

## Funding rounds

- Seed, Mar 1, 2018 — Struck Capital, Kenetic Capital, Sora Ventures, NGC Ventures, IOSG Ventures, AU21 Capital
- Seed, Mar 1, 2017 — ff Venture Capital, Hoxton Ventures
- Seed, Nov 13, 2014, $0.2M — Sapphire Ventures, Kickstart, Kima Ventures, TMT Investments, Star Power Partners, Hoxton Ventures, Faber Ventures, Neon Adventures, CoinZoom Securities Ventures, Marc Bell Capital

## Investors

- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Seed
- Kickstart (https://capitalatlas.ai/funds/kickstart) — Seed
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- TMT Investments (https://capitalatlas.ai/funds/tmt-investments) — Seed
- Star Power Partners — Seed
- Hoxton Ventures (https://capitalatlas.ai/funds/hoxton-ventures) — Seed
- Faber Ventures (https://capitalatlas.ai/funds/faber-ventures) — Seed
- Neon Adventures — Seed
- CoinZoom Securities Ventures (https://capitalatlas.ai/funds/coinzoom-securities-ventures) — Seed
- Marc Bell Capital (https://capitalatlas.ai/funds/marc-bell-capital) — Seed
- ff Venture Capital (https://capitalatlas.ai/funds/ff-venture-capital) — Seed
- Struck Capital (https://capitalatlas.ai/funds/struck-capital) — Seed
- Kenetic Capital (https://capitalatlas.ai/funds/kenetic-capital) — Seed
- Sora Ventures (https://capitalatlas.ai/funds/sora-ventures) — Seed
- NGC Ventures (https://capitalatlas.ai/funds/ngc-ventures) — Seed
- IOSG Ventures (https://capitalatlas.ai/funds/iosg-ventures) — Seed
- AU21 Capital (https://capitalatlas.ai/funds/au21-capital) — Seed