The Leading Capital Markets Protocol for borrowing and lending built on top of the Algorand blockchain
Location: Marshall Islands, Majuro
Total raised: $6.2M
Valuation: $75M
Investors 6
| Date | Name | Website |
| - | Polymorphi... | polymorphi... |
| - | Meld Ventu... | meld.ventu... |
| 10.03.2024 | Mapleblock... | mapleblock... |
| 10.03.2024 | BlackDrago... | blackdrago... |
| - | Dewhales C... | dewhales.c... |
| - | 11-11 DG P... | 11-11dg.pa... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 28.11.2024 | Series A | $3.2M | - |
| 24.01.2022 | Seed | $3M | - |
Mentions in press and media 10
| Date | Title | Description |
| 28.11.2024 | Folks Finance Secures $3.2 Million to Propel DeFi Innovation | In the ever-evolving world of decentralized finance (DeFi), Folks Finance has emerged as a beacon of innovation. Recently, the platform announced a successful $3.2 million Series A funding round, elevating its valuation to $75 million. This... |
| 28.11.2024 | Folks Finance: $3.2 Million (Series A) Raised At $75 Million Valuation For Expanding DeFi Solutions Platform | Folks Finance—a leading DeFi platform where users can lend, borrow, trade, and manage their digital assets across multiple blockchains—announced at Web Summit 2024 that it has raised $3.2 million in an oversubscribed Series A round led by B... |
| 14.11.2024 | Folks Finance Raises $3.2M in Series A; Valued at $75M | Folks Finance, a remote DeFi platform where users can lend, borrow, trade, and manage their digital assets across multiple blockchains, raised $3.2m in Series A funding. The round led by Borderless Capital at a final valuation of $75 millio... |
| 10.10.2024 | Protocol Village: Nexus, Developer of Zero-Knowledge Virtual Machine, Launches 'World's First Open Prover Network' in Beta | Thursday, Oct. 10 Nexus, ZkVM Developer, Launches Beta Version of 'World's First Open Prover Network' Nexus, developer of a zero-knowledge virtual machine zkVM written in Rust, says it has launched the first beta release of the Nexus networ... |
| 28.09.2024 | Chainlink CCIP Integrated Across Avalanche, Base, Ethereum Mainnets By Folks Finance for Cross-Chain Lending | Folks Finance has integrated Chainlink CCIP and Price Feeds across the Avalanche, Base, and Ethereum mainnets, leveraging CCIP’s arbitrary messaging functionality to enable highly secure cross-chain lending. By integrating Chainlink Price f... |
| 29.11.2022 | Folks Finance V2 Upgrades the DeFi Experience With Advanced Financial Tools Built Into a Simple User Experience on Algorand | Folks Finance has proven the value of fast, accessible, and non-custodial DeFi on Algorand. Since launching in April of 2022, $100 Million in Total Value Locked has been deposited by over 5000 users. The protocol now looks to continue closi... |
| 24.01.2022 | Folks Finance Raises $3M in Seed Funding | Folks Finance, a Milan, Italy-based company advancing a protocol for borrowing and lending built on the top of Algorand blockchain, raised $3M in Seed funding. The round was led by Borderless Capital with participation from Jump Crypto, Par... |
| 21.01.2022 | Leading Capital Markets Protocol Folks Finance Closes $3 Million Seed Funding Round | Folks Finance, the leading capital markets protocol for borrowing and lending built on the top of Algorand blockchain, announces the closing of its $3 Million Seed Funding Round, led by Borderless Capital with participation from Jump Crypto... |
| 20.01.2022 | Folks Finance, a Capital Markets Protocol, Closes Successful $3M Seed Round | Folks Finance, a capital markets protocol for borrowing and lending built on the top of the Algorand blockchain, today announced the closing of its $3 million seed funding round, led by Borderless Capital with participation from a group inc... |
| - | Folks Finance | “Folks Finance is a DeFi platform to lend, borrow, trade, and manage digital assets all in one place.” |