Yield Bank
Latest round
- Seed
Last raised
- Dec 2020
Total raised
- $4.9M
Investors
- 7
About Yield Bank
Yield Bank Limited, founded in 2020 in the British Virgin Islands, operates as a digital wealth management platform. Tim Frost serves as both the Founder and CEO, leading the company’s growth strategy.Yield App primarily offers a digital wealth management platform designed to enable users to earn yield on their digital assets. Yield App allows users to deposit a range of cryptocurrencies, which are then utilized in various yield-generating strategies, such as liquidity provision and staking, to enhance asset growth.Yield App generates revenue mainly through yield generation on customer deposits and potential transaction fees associated with asset management services. The business model is structured around direct-to-consumer transactions, where clients deposit their cryptocurrency assets into the platform in exchange for yield on those assets. The pricing structure is built on yield percentages offered to customers, which may vary based on the types of assets deposited and the duration of the investment. Additionally, partnerships with various financial service providers may contribute to revenue streams by facilitating liquidity or other financial services. The company is focused on developing new products aimed at diversifying its wealth management solutions. Furthermore, plans are in place to enter additional markets, particularly targeting regions in Asia and Europe, with a goal of establishing a broader presence by 2023.
Who invested in Yield Bank
7 investors across 1 round
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Funding rounds
Seed
Dec 7, 2020
Amount
$4.9M
Investors
Questions about Yield Bank
Who invested in Yield Bank?
Yield Bank has 7 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Yield Bank raised?
Yield Bank has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Yield Bank last raise money?
Yield Bank's most recent round on record is a Seed, in Dec 2020.
What does Yield Bank do?
Yield Bank Limited, founded in 2020 in the British Virgin Islands, operates as a digital wealth management platform.
Where is Yield Bank headquartered?
Yield Bank is headquartered in British Virgin Islands.
Which VCs invest in companies like Yield Bank?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Yield Bank's stage. Their profiles are linked below.
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