Folks Finance

Capital markets protocol for borrowing and lending

folks.finance

Overview

Comparison:

Details

Folks Finance is a capital markets protocol for borrowing and lending, built on top of Algorand. Users can deposit assets to accumulate yield, take loans by providing collateral, swap assets via Folks Router, and participate in Algorand Governance through gALGO and xALGO assets.

Tags: DeFi Lending

Ecosystem(3): Ethereum Base Avalanche

Founded: 2021

Fundraising

Borderless Capital

Lead

Coinbase Ventures

OKX Ventures

ParaFi Capital

Youbi Capital

Mapleblock

Polymorphic Capital

Jump Crypto

ZBS capital

Algorand Foundation

Dewhales Capital

Gains Associates

Absoluta Digital

Eterna Capital

SkyBridge20 Ventures

Valhalla Capital

Round	Amount	Valuation	Date	Investors
Series A	$ 3.2 M	$ 75 M	Nov 14, 2024	Borderless Capital*, Mapleblock, Sovo Ventures, Algorand Ventures
Strategic	--	--	Feb 06, 2024	Algorand Foundation, Mapleblock, Absoluta Digital, SkyBridge20 Ventures
Seed	$ 3 M	--	Jan 20, 2022	Borderless Capital*, Coinbase Ventures, ParaFi Capital, OKX Ventures, Youbi Capital, Jump Crypto, Algorand Foundation, Polymorphic Capital, ZBS capital, Meld Ventures, Eterna Capital, Valhalla Capital, Gains Associates, Genesis Trading, Calvin Liu, David Garcia

The Archives Including

55 Projects, Updated Apr 10, 2024

The Projects Joined in the Chainlink BUILD Program

Significant Events

Nov, 2024

Folks Finance raised $ 3.2 M in Series A round

Feb, 2024

Folks Finance completed a strategic financing

Apr 04, 2022

Folks Finance was live on mainnet

Jan, 2022

Folks Finance raised $ 3 M in Seed round

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