Compendium Finance
A compendium of useful tools to help make life in the crypto markets and metaverse simpler.
| Date | Investors | Amount | Round |
|---|---|---|---|
$2.5m | Early VC | ||
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
Related Content
Compendium Finance, founded in 2021 by Jacob Ballou and Sean Guthrie, operates within the financial software sector, specifically targeting the cryptocurrency markets. The company has positioned itself as a developer of a comprehensive trading aggregation suite designed to simplify the complexities of trading in the crypto and metaverse ecosystems. Since its inception, the firm secured $2.5 million in a seed funding round on January 15, 2022, followed by an ICO, attracting a total of 13 institutional investors, including PetRock Capital, Krypital Group, and Axia8 Ventures.
The core of Compendium Finance's business is to provide a unified platform of trading tools that cater to both centralized and decentralized exchanges. The platform is engineered for traders of all experience levels, aiming to make sophisticated trading tools more accessible. It operates not as a cryptocurrency exchange itself, but as a software layer that connects to users' existing exchange accounts via API keys. The business model appears to be structured around both free and premium services; core account registration and access to many tools are free, while some third-party strategies on the platform may require a subscription fee, generating revenue for the strategy authors and potentially the platform.
Compendium Finance's product suite is extensive, offering a variety of automated and social trading features. These include a marketplace for verified trading bots, copy trading groups that allow users to mirror the strategies of experienced traders with dynamic risk management, and signal provider groups that enable automated trade execution based on signals from platforms like TradingView. For developers and enterprise clients, the company offers PENDAX, its proprietary high-frequency trading and data engine, which is available as an SDK for building custom integrations. The firm also provides no-code plugins and templates for platforms like Bubble, allowing non-technical users to build their own decentralized applications.
Keywords: cryptocurrency trading, automated trading tools, social trading, decentralized finance, centralized exchange integration, crypto portfolio management, trading bot marketplace, no-code web3, blockchain development, financial software