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Crypto Wallet Firm Fordefi Raises $10 Million in Funding Round Led by Electric Capital

Katie Lin

Summary: Crypto wallet firm Fordefi has raised $10 million in a funding round led by Electric Capital, with Paxos and Alchemy joining as new investors, according to reports by CoinDesk. The investment followed an $18 million seed funding round in November 2022, which included investors like Lightspeed Ventures, Pantera Capital, and Jump Crypto.  In a strategic ...

Crypto wallet firm Fordefi has raised $10 million in a funding round led by Electric Capital, with Paxos and Alchemy joining as new investors, according to reports by CoinDesk. The investment followed an $18 million seed funding round in November 2022, which included investors like Lightspeed Ventures, Pantera Capital, and Jump Crypto. 

In a strategic move to address a major challenge in the crypto space, Fordefi is expanding its institutional-focused wallet offering to include retail-facing platforms such as exchanges, fintech platforms, and Web3 businesses. This expansion allows these platforms to integrate user-owned (self-custodial) wallets directly into their applications, offering a comprehensive solution to the crypto community.

Author: Katie Lin

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Link: Crypto Wallet Firm Fordefi Raises $10 Million in Funding Round Led by Electric Capital   [Copy]
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