Company attributes
Location
Founder
Pitchbook URL
Legal Name
Algofi, Inc.
Accelerator
Accelerator Batch
Number of Employees (Ranges)
1 – 10
Email Address
founders@algofi.org
Investors
Founded Date
2021
0Total Funding Amount (USD)
2,800,000
Latest Funding Round Date
November 30, 2021
Latest Funding Type
Country
Other attributes
Company Operating Status
Active
Strategic Partnerships
Funding Round Date
December 1, 2021
0Funding Round Amount (USD)
2,800,0000
Funding Type
0
Latest Funding Round Amount (USD)
2,800,000
Public/Private
Private
Y Combinator URL
Fast, low-cost crypto lending market on the Algorand blockchain
Algofi is building a fast and low-cost lending market on the Algorand blockchain.
Building on Algorand enables < $0.01 transactions compared to ~$15 or more on other incumbent networks. These high costs and slow transactions make decentralized lending markets inaccessible to the majority of potential users, something we are working to change.
Our long term goals are quite ambitious. We aim to be the first crypto-native bank that bridges the gap between traditional and decentralized finance. The initial lending protocol will launch for users everywhere in Q4 of 2021, with additional fiat on- and off-ramp solutions, and more, forthcoming.
Timeline
No Timeline data yet.
Funding Rounds
Products
Acquisitions
SBIR/STTR Awards
Patents
Further Resources
No Further Resources data yet.
