# Yield Bank

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yield-bank

- Industry: Financial Services
- Headquarters: British Virgin Islands
- Website: www.yield.app
- Total disclosed funding: $4.9M
- Latest round: Seed (Dec 7, 2020)
- Investors on record: 7

## About

Yield Bank Limited offers a digital wealth management platform designed to help users earn yields on their digital assets, targeting both retail and institutional investors with innovative financial products.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. In December 2020, Yield Bank Limited raised USD 4.9 mn in Seed funding, co-led by investors including Alphabit and Digital Strategies, raising a total of USD 4.9 mn to date from its single funding round.Yield App primarily offers a digital wealth management platform designed to enable users to earn yield on their digital assets. The platform facilitates various financial products, including crypto savings accounts and investment opportunities, aimed at optimizing returns on cryptocurrencies for both retail and institutional investors. 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. The company has positioned itself to target a global market, serving customers in North America, Europe, and Asia, thereby appealing to a diverse client base looking for innovative ways to manage and grow their digital wealth.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. Specific details regarding pricing plans or revenue metrics are not disclosed in the available information.Yield Bank Limited plans to utilize the USD 4.9 mn raised in Seed funding in December 2020 to enhance its platform capabilities and expand its service offerings. 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.

## Funding rounds

- Seed, Dec 7, 2020, $4.9M — PALcapital, Bnk To The Future, Alphabit, Yeoman's Capital, Digital Strategies, Chronos Venture Capital, TrustSwap

## Investors

- PALcapital (https://capitalatlas.ai/funds/palcapital) — Seed
- Bnk To The Future — Seed
- Alphabit (https://capitalatlas.ai/funds/alphabit) — Seed
- Yeoman's Capital — Seed
- Digital Strategies — Seed
- Chronos Venture Capital — Seed
- TrustSwap — Seed