Startups
The Leading Capital Markets Protocol for borrowing and lending built on top of the Algorand blockchain
Overview
Location
Marshall Islands, Majuro
Total raised
$6.2M
Valuation
$75M
Investors 7
| Date | Name | Website |
| Sign up to see | Sign up to see | Sign up to see |
| Meld Ventures | meld.ventures | |
| Mar 10, 2024 | Mapleblock Capital | mapleblock.capital |
| Mar 10, 2024 | BlackDragon | blackdragon.io |
| Dewhales Capital | dewhales.capital | |
| 11-11 DG Partners | 11-11dg.partners | |
| Jan 3, 2026 | Stakez Capital | stakez.capital |
Funding Rounds 2
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| Jan 24, 2022 | Seed round | $3M |
Mentions in press and media 11
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Nov 28, 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... |
| Nov 28, 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... |
| Nov 14, 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... |
| Oct 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... |
| Sep 28, 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... |
| Nov 29, 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... |
| Jan 24, 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... |
| Jan 21, 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... |
| Jan 20, 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... |
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FAQ about Folks Finance
How much funding has Folks Finance raised?
Folks Finance has raised $6.2M in total across 2 funding rounds.
What funding rounds has Folks Finance raised?
Parsers VC lists 2 funding rounds of Folks Finance, among them a seed round of $3M on Jan 24, 2022.
Who has invested in Folks Finance?
Parsers VC lists 7 investors of Folks Finance, among them Stakez Capital, Mapleblock Capital and BlackDragon.
What has the press written about Folks Finance?
Parsers VC has collected 11 articles mentioning Folks Finance, among them “Folks Finance Secures $3.2 Million to Propel DeFi Innovation” (Nov 28, 2024) and “Folks Finance: $3.2 Million (Series A) Raised At $75 Million Valuation For Expanding DeFi Solutions Platform” (Nov 28, 2024).
Is Folks Finance still active?
Yes, Folks Finance is active; its latest activity on Parsers VC dates from Sep 28, 2026.