Folks Finance Overview
- Year Founded
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2021
- Status
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Private
- Employees
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23
- Latest Deal Type
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Series A
- Latest Deal Amount
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$3.2M
- Investors
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51
Folks Finance General Information
Description
Developer of a non-custodial DeFi protocol designed to provide financial tools for digital assets. The company offers strategies for earning yield and taking loans and uses capital markets protocol to ensure scalability, low transaction costs, and security, enabling users to earn yield on deposits, use deposits as collateral for loans, and participate in Algorand governance.
Contact Information
Website
www.folks.financeCorporate Office
- Milan
- Italy
Corporate Office
- Milan
- Italy
Folks Finance Timeline
Folks Finance Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Early Stage VC (Series A) | 14-Nov-2024 | $3.2M | Completed | Generating Revenue | ||
| 4. Early Stage VC | Completed | Generating Revenue | ||||
| 3. Early Stage VC | 01-Jan-2024 | Completed | Generating Revenue | |||
| 2. Seed Round | 20-Jan-2022 | $3M | $3.04M | Completed | Generating Revenue | |
| 1. Accelerator/Incubator | 01-Jan-2021 | $35K | $35K | Completed | Startup |
VC Exit Predictor
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Opportunity Score
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Exit Type
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Folks Finance Related Research & Analysis
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Folks Finance Signals
Growth Rate
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Key Data Points
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Majestic Referring Domains
Folks Finance Investors (51)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| 2x17 | Corporation | Minority | ||
| Black Alpha Capital (Crypto) | Venture Capital | Minority | ||
| Coinvision | Other | Minority | ||
| Crypto Society | Venture Capital | Minority | ||
| Danube Ventures | Venture Capital | Minority |
Folks Finance Investments (1)
Folks Finance’s most recent deal was a Seed Round with Algomint for . The deal was made on 30-Jun-2021.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Algomint | 30-Jun-2021 | Seed Round | Financial Software |
Folks Finance FAQs
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When was Folks Finance founded?
Folks Finance was founded in 2021.
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Where is Folks Finance headquartered?
Folks Finance is headquartered in Milan, Italy.
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What is the size of Folks Finance?
Folks Finance has 23 total employees.
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What industry is Folks Finance in?
Folks Finance’s primary industry is Consumer Finance.
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Is Folks Finance a private or public company?
Folks Finance is a Private company.
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What is the current valuation of Folks Finance?
The current valuation of Folks Finance is .
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What is Folks Finance’s current revenue?
The current revenue for Folks Finance is .
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How much funding has Folks Finance raised over time?
Folks Finance has raised $6.24M.
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Who are Folks Finance’s investors?
2x17, Black Alpha Capital (Crypto), Coinvision, Crypto Society, and Danube Ventures are 5 of 51 investors who have invested in Folks Finance.
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