DeFiato
The company appears to be a cryptocurrency exchange.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | N/A | ICO | |
| Total Funding | 000k | ||
DeFiato operates as a centralized platform for decentralized finance (DeFi), aiming to simplify access to crypto financial services for a broad user base. Founded in 2020 by Dr. William H. Nguyen, the company launched with the goal of bridging the gap between fiat currency and the crypto world, thereby promoting wider adoption. Dr. Nguyen is a serial entrepreneur with a Ph.D. in theoretical and computational chemistry and a background in building applications in blockchain, communication technology, and data security. His experience is applied to DeFiato's objective of creating a secure and accessible platform.
The company positions itself as a Centralized DeFi (CeDeFi) aggregator, providing services like staking, yield farming, and crypto-to-crypto trading. It targets both B2B and B2C customers, ranging from cryptocurrency newcomers to experienced users, as well as startups and large enterprises. DeFiato's business model is centered on offering a one-click process to complex DeFi activities, removing technical hurdles such as managing gas fees. Revenue is generated through fees on transactions and other financial services offered on the platform. The platform is designed to be cross-chain, allowing it to act as an intermediary for various DeFi services across different blockchains.
DeFiato's core product is a platform accessible via web and mobile apps, which allows users to earn passive income on their digital assets. Key features include a fiat gateway for direct purchase of cryptocurrencies with traditional money, multiple staking and yield farming options, and analytical tools. The platform emphasizes security through measures like working only with audited smart contracts, two-factor authentication, and cold storage for assets. A multi-level referral program is also in place to incentivize user growth. In February 2022, the company completed an ICO funding round, raising $4.4 million.
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