November 26, 2024
Vanilla Finance, a rapidly growing cryptocurrency trading platform, has completed its Pre-Seed funding round, raising an undisclosed amount. The round was led by UOB Ventures, Paper Ventures, and ABCDE Labs, with notable participation from several other investors, including HTX Ventures, OcularVC, OpenSpaceVC, YTWO Ventures, Signum Capital, and various angel investors. The company also expressed appreciation to its supporters, highlighting its success in achieving the #1 trading volume position on Telegram.
Founded with the goal of offering a seamless and user-friendly trading experience, Vanilla Finance focuses on delivering fast, efficient, and secure services to users. Its trading platform, integrated with Telegram, has gained traction for its ease of access and the ability to facilitate rapid transactions. The company’s pre-seed funding is expected to enable the platform to further expand its reach and improve its services.
Financial details regarding the funding raised were not disclosed, but the support from such prominent venture capital firms and angel investors signals strong confidence in Vanilla Finance's potential. As the platform continues to evolve, the funding will help solidify its position as a leader in the cryptocurrency exchange space, particularly within the Telegram ecosystem.
About Vanilla Finance
Vanilla Finance is a cryptocurrency exchange platform integrated with Telegram, designed to make trading easier and more accessible for its growing user base. With a focus on offering fast transaction speeds and smooth experience, Vanilla Finance aims to revolutionize how users trade cryptocurrencies. The platform is positioned to cater to both new and experienced traders, leveraging the popularity of Telegram to drive its success.
X: @VanillaFinance
About Investors
UOB Ventures
UOB Ventures is the investment arm of United Overseas Bank (UOB), based in Singapore. It focuses on supporting early-stage and growth-stage companies, particularly those in the financial technology sector. The firm seeks to invest in innovative startups that align with UOB's digital transformation strategy.
Location: Singapore
Website: https://www.uobgroup.com
Paper Ventures
Paper Ventures is a venture capital firm investing in early-stage technology companies across multiple sectors, including blockchain and digital finance.
Location: London, England
Website: https://paper.ventures/
ABCDE Labs
ABCDE Labs is a blockchain-focused venture capital firm, supporting companies in the decentralized finance (DeFi) ecosystem and other emerging technologies.
Location: Singapore
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.
Comments