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folks.finance

Founded Year

2021

Stage

Seed VC | Alive

Total Raised

$3M

Last Raised

$3M | 4 mos ago

About Folks Finance

Folks Finance develops a capital markets protocol for borrowing and lending that is built on top of the Algorand blockchain.

Folks Finance Headquarter Location

Milan,

Italy

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Expert Collections containing Folks Finance

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Folks Finance is included in 4 Expert Collections, including Blockchain.

B

Blockchain

3,939 items

Companies and startups in this collection leverage blockchain technology for crypto investing and trading, decentralized finance (DeFi), NFTs, and more.

C

Capital Markets Tech

806 items

Companies in the capital markets tech space are providing software and/or services for investment banks, hedge funds, investment managers, and so forth. Companies included use technology across the front, middle, and back-offices and streamline all pre- and post-trade operations.

F

Fintech

4,692 items

Track and capture company information and workflow.

D

Digital Lending

1,511 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

Latest Folks Finance News

Folks Finance Raises $3M in Seed Funding

Jan 24, 2022

FinSMEs Search for: 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, ParaFi Capital, Coinbase Ventures, OKX Blockdream Ventures, Genesis Capital, Youbi Capital, Algorand Foundation, Meld Ventures, Eterna Capital, 0x Ventures, Polymorphic Capital, Valhalla Capital, ZBS Capital, and Gains Associates. Crypto veteran angel investors supporting Folks Finance include David Garcia, CEO of Borderless Capital, and  Calvin Liu, former Strategy Lead at Compound, as well as several of the leading DeFi and Financial protocols of the Algorand Ecosystem including Algomint, Tinyman, StakerDAO, MyAlgo, Venue One, xBacked, Prismatic, among others. The company intends to use the funds to expand operations and accelerate growth. Led by CEO Benedetto Biondi, Folks Finance provides a protocol for lending and borrowing built and operated on top of the Algorand blockchain. Through the lending operations, Folks users can deposit liquidity and start earning a continuous economic return instantly. Through the borrowing operation, users can request crypto loans by locking deposited funds as collateral. The company is currently in its smart contract security verification phase, after completing a protocol design review, and early this year is planning the official launch for Folks Finance on the Algorand TestNet, along with the release of Folksy Guys, the official NFT collection dedicated to the Folks Finance community. The team will officially publish the research paper for the protocol economic model soon, and it is already working to establish the milestones of version 2.0. Folks Finance is the result of extensive research and engineering conducted by Blockchain Italia, a blockchain software house strongly focused on Algorand. FinSMEs 24/01/2022

  • When was Folks Finance founded?

    Folks Finance was founded in 2021.

  • Where is Folks Finance's headquarters?

    Folks Finance's headquarters is located at Milan.

  • What is Folks Finance's latest funding round?

    Folks Finance's latest funding round is Seed VC.

  • How much did Folks Finance raise?

    Folks Finance raised a total of $3M.

  • Who are the investors of Folks Finance?

    Investors of Folks Finance include Youbi Capital, ParaFi Capital, Genesis Global Trading, Calvin Liu, Coinbase Ventures and 21 more.

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