Unstoppable Finance, a DeFi Wallet Startup, Secures $12.8 Million
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Unstoppable Finance To Launch "Ultimate" Wallet
The Berlin-based startup Unstoppable Finance recently secured $12.8 million in funding. The funding round included the participation of Rockaway Blockchain Fund, Speedinvest, Inflection, Backed VC, Fabric Ventures, Anagram, and Discovery Ventures.
The "Ultimate" wallet by Unstoppable Finance focuses on delivering a smooth user experience, as seen in fintech apps, to attract crypto-enthusiastic retail investors. The team hopes to attract more users with a more user-friendly interface than crypto-native offerings such as MetaMask and Phantom. Ultimate is a wallet that allows users the power to hold crypto assets and the option to access private keys without an intermediary.
The founders of Unstoppable, Maximilian von Wallenberg-Pachaly, Peter Grosskopf, and Omid Aladini, stated that the company vets the yield-eaning protocols and decentralized exchanges it uses for the swap of the tokens. In the app, the users can easily access the protocols. However, the existing services require users manually connect with the protocols they want to access. Thus, the aim is to bring DeFi to the masses. This wallet was announced in early June. Unstoppable Finance reports holding more than 300,000 pre-registers on the waiting list.
Maximilian von Wallenberg-Pachaly stated,
"What we do is integrate DeFi protocols deeply into the mobile front-end experience."
Meanwhile, the advisor of Lightspeed Venture Partner Banafsheh "B" Fathieh said,
"The team has an impressive track record of building great fintech and crypto products, and we are very confident that they'll build the missing conduit between the Defi world and retail investors."