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Venture capital firm Lightspeed Venture Partners led a Series A funding round for startup Unstoppable Finance worth 12.5 million euros ($12.8 million).
1/5 Today we are thrilled to announce our €12.5m Series A funding round 🤑 led by @lightspeedvp. We’re on a mission to build the perfect mobile-first, multi-chain DeFi investing experience. We’re blown away that our waitlist has surpassed 300k registrations 🤯🤯🤯 . pic.twitter.com/na7tyVNyBm
— Ultimate (by Unstoppable Finance) (@UltimateMoney) August 10, 2022
Speedinvest, Rockaway Blockchain Fund, Backed VC, Inflection, Discovery Ventures, Fabric Ventures and Anagram also participated in the round.
The project is preparing to launch a non-custodial crypto wallet DeFi Ultimate with the ability to directly connect to profitability 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 assessment, but noted that the funding received significantly exceeds the results of the seed 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 application in the EU, Unstoppable Finance plans to implement ethereum compatibility later this year and launch an Android version of the wallet.
Recall that in March, the European Parliament supported amendments to the regulation on the exchange of information between counterparties, which involve the collection of data on users of non-custodial cryptocurrency wallets.
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