# Reflexer Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/reflexer-labs

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.reflexer.finance
- Total disclosed funding: $1.7M
- Latest round: Seed (Aug 5, 2020)
- Investors on record: 3

## About

Reflexer Labs is a pioneering decentralized finance platform that enables users to mint RAI, a non-pegged stablecoin backed by Ethereum (ETH), offering innovative financial solutions for users seeking stability beyond traditional fiat currencies.Reflexer Labs was founded in 2020 and is headquartered in New York, US. The company specializes in decentralized finance solutions and has successfully completed two deals. The most recent deal occurred on August 5, 2020, when Reflexer raised USD 1.68 mn in a Seed round led by Paradigm, with participation from Standard Crypto Management and Variant Fund. The founder, Stefan I., has a history of entrepreneurial ventures, contributing to the company's innovative approach in the fintech space.Reflexer offers a unique decentralized financial platform that enables users to mint RAI, a non-pegged stablecoin backed by Ethereum (ETH). This innovative asset provides stability compared to traditional fiat currencies, allowing users to leverage their crypto collateral for greater financial autonomy. The platform primarily targets crypto investors and users seeking a stable store of value, appealing to those involved in the decentralized finance (DeFi) sector. Reflexer aims to enhance financial inclusivity and user empowerment within the wider crypto ecosystem.Reflexer's revenue model is based on transaction fees associated with the minting and redemption of RAI stablecoins. Users convert their ETH collateral into RAI, contributing to a direct-to-consumer model that supports individual users and investors. Revenue is generated through fees charged on these transactions, which are integral to the company's income structure and operations within the competitive crypto landscape.In August 2020, Reflexer Labs raised USD 1.68 mn in Seed funding led by Paradigm, aimed at expanding its product offerings and market reach. The funding will support the development of new financial products and enhance platform capabilities. Reflexer is focused on expanding into new geographic markets and aims to target specific regions in the coming years. The strategic use of recent funding will facilitate greater innovation and growth within the decentralized finance sector.

## Funding rounds

- Seed, Aug 5, 2020, $1.7M — Variant, Paradigm, Standard Crypto

## Investors

- Variant (https://capitalatlas.ai/funds/variant) — Seed
- Paradigm (https://capitalatlas.ai/funds/paradigm) — Seed
- Standard Crypto — Seed