# Pichi Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pichi-finance

- Industry: Financial Services
- Headquarters: British Virgin Islands
- Website: www.pichi.finance/
- Total disclosed funding: $2.5M
- Latest round: Seed (Aug 1, 2024)
- Investors on record: 6

## About

Pichi Finance is a British Virgin Islands-based platform that enables the trading of points from pre-token projects, specifically catering to the decentralized finance (DeFi) and non-fungible token (NFT) markets.Founded in 2024, Pichi Finance operates as a trading platform for points associated with pre-token projects. The company has undergone no significant changes in its business model since inception. It is not reported to have any subsidiaries. The firm raised USD 2.5 million in Seed funding on August 1, 2024, led by Mantle Network, UOB Venture Management, and Signum Capital, with participation from DWF Labs, GBV Capital, and Wise3 Ventures. This funding forms the total amount raised by the company to date.Pichi Finance offers a unique platform that facilitates the buying and selling of points from pre-token projects, targeting investors in the decentralized finance (DeFi) and non-fungible token (NFT) space. Their core product allows users to retain airdrop claiming eligibility while providing a mechanism to sell points prior to token generation events (TGE). Users create a Pichi Wallet by minting an NFT, deposit point-earning tokens, and can subsequently sell their wallet by trading the NFT, thereby transferring custody of all accumulated points. The service aims to enhance liquidity in the burgeoning market of pre-token projects and primarily serves individual investors and crypto enthusiasts across North America, Europe, and parts of Asia.Pichi Finance generates revenue through transaction fees associated with the trading of points and NFTs within its platform. The company charges a percentage fee on each transaction when users create a Pichi Wallet and engage in trading, which serves as its primary revenue stream. This transaction structure aligns with a direct-to-consumer model, reflecting the revenue tied to the volume of trades executed on its platform.In August 2024, Pichi Finance raised USD 2.5 million in Seed funding to support its growth initiatives. The company plans to expand to other EVM Chains and create vaults for customers to earn yield and points. Additionally, Pichi Finance aims to target new points programs that will allow trading on day one, further enhancing its offerings in the DeFi and NFT markets.

## Funding rounds

- Seed, Aug 1, 2024, $2.5M — UOB Venture Management, Signum Capital, GBV Capital, DWF Labs, Wise3 Ventures, Mantle Network

## Investors

- UOB Venture Management (https://capitalatlas.ai/funds/uob-venture-management) — Seed
- Signum Capital (https://capitalatlas.ai/funds/signum-capital) — Seed
- GBV Capital (https://capitalatlas.ai/funds/gbv-capital) — Seed
- DWF Labs (https://capitalatlas.ai/funds/dwf-labs) — Seed
- Wise3 Ventures (https://capitalatlas.ai/funds/wise3-ventures) — Seed
- Mantle Network — Seed