September 16, 2024
Onboard is thrilled to announce a major expansion and rebranding, along with a successful capital raise from Coinbase Ventures and LAVA. This development transforms Onboard from a digital money app and global P2P exchange into a comprehensive platform and ecosystem designed to empower onchain builders and creators worldwide.
Project | Latest Raise Date | Lead Investor | Category |
---|---|---|---|
Onboard | September 16, 2024 | Coinbase Ventures and LAVA | Wallet |
With over 3.5 billion people living in poverty, severe currency devaluation, and high inflation rates in various regions, Onboard believes that focusing on the transformative potential of the onchain economy is the way to address these challenges.
Onboard aims to empower independent builders and creators to bring the world onchain. Their vision is to enable anyone, anywhere to join the onchain economy and improve their lives significantly. Onboard’s gateway allows people to come onchain with as little as $1 in under 2 minutes. The true value, however, lies in the applications and experiences that make this economy accessible, engaging, and transformative.
The capital from Coinbase Ventures and LAVA will be crucial in accelerating Onboard’s growth and expanding its offerings to meet the needs of the global onchain community. This funding will support the development of new financial tools, resources, and community initiatives aimed at empowering onchain creators and builders.
About Onboard
Onboard is a comprehensive platform designed to empower onchain builders and creators worldwide. Originally a digital money app and global P2P exchange, Onboard has expanded to offer a wide range of tools and resources for developing onchain applications. The platform aims to make the onchain economy accessible to everyone, enabling users to join with as little as $1 in under 2 minutes. Onboard also provides a virtual card for spending crypto like cash and supports a global peer-to-peer exchange. With a focus on innovation and community, Onboard seeks to transform lives by integrating traditional financial services with decentralized finance (DeFi) functionalities.
Website: https://onboard.xyz/
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About Investor
Coinbase Ventures and LAVA.
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A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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