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Venture capital firm Lightspeed Venture Partners spearheaded a €12.5 million ($12.8 million) Series A funding round for the Unstoppable Finance initiative. 1/5 We are excited to announce today
Venture capital firm Lightspeed Venture Partners spearheaded a €12.5 million ($12.8 million) Series A funding round for the Unstoppable Finance initiative.
The tour also included Speedinvest, Rockaway Blockchain Fund, Backed VC, Inflection, Discovery Ventures, Fabric Ventures and Anagram.
The project is preparing to launch a DeFi Ultimate unsupervised crypto wallet with the ability to connect directly to yield protocols and decentralized exchanges.
“We are deeply integrating DeFi protocols into the mobile interface,” said co-founder Maximilian von Wallenberg-Pachali.
Unstoppable Finance chose not to disclose its forecast, but noted that the funding received significantly exceeded the results of the kickoff round in October 2021. The investment will allow the startup to expand its presence in the US market. According to them, there are more than 300,000 pre-registrations on the waiting list.
Initially launched on the Solana blockchain as an iOS app in the EU, Unstoppable Finance plans to implement Ethereum interoperability and launch an Android version of the wallet later this year.
Recall that the European Parliament supported in March amendments to the regulation on the exchange of information between counterparties, which involves the collection of data on users of non-custodial cryptocurrency wallets.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
