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Folks Finance - Series A
Overview
About Folks Finance - Series A
Folks Finance has raised $3.2 million in a Series A round, bringing its valuation to $75 million. Borderless Capital led the round, with participation from Algorand Ventures, Mapleblock Capital, Sovo Ventures and others. The first $2 million of the round was raised in February of this year, with the remaining $1.2 million raised more recently.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2018 | 93 | hello@borderlesscapital.io | ||
| Foundation | Singapore | 2019 | 31 | -- | ||
| Fund | -- | 2021 | 24 | -- | ||
| Uncategorized | Unknown | -- | 1 | -- |
Founders & Team
Benedetto Biondi
Company Profile / Project Introduction
Folks Finance is a non-custodial DeFi protocol providing financial tools for managing digital assets. Smart-contract technology empowers Folks Finance to offer advanced strategies while eliminating risks of centralized interference. Users can deposit assets to earn yield, as well as use their deposits as collateral for loans. Integration of the Deflex DEX aggregator enables native swaps on the protocol and composability with the other operations.