Numio
Numio - Your Identity, Your Money.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
$1.3m | Seed | ||
| Total Funding | 000k | ||
Based in Wilmington, Delaware, Numio Inc. operates in the cryptocurrency sector, providing solutions for crypto-asset storage and payments. Founded in 2020, the company has developed a non-custodial mobile wallet for the Ethereum ecosystem. The leadership team includes CEO Marco Paez, CTO Timothy Allard, Director of Business Development Mark Anstead, and Director of Compliance Jason Garland. In July 2021, Numio secured $1.25 million in a seed funding round led by HashKey, with participation from other institutional investors like Youbi Capital and LD Capital, as well as angel investors.
Numio's core product is a mobile application available for both Android and iOS that functions as a non-custodial crypto wallet. This means users retain full control over their private keys, which do not leave the device. The wallet is built to leverage Layer 2 scaling solutions, specifically zkRollups on zkSync, to offer faster and cheaper transactions compared to the Ethereum mainnet. This focus on Layer 2 technology allows for network gas fees that can be up to 100 times lower while retaining the security guarantees of the main Ethereum blockchain. The app supports over 300 ERC-20 based assets.
The platform's business model centers on providing a seamless interface for both new and experienced crypto users. It generates revenue through fees on services like purchasing cryptocurrency with a credit or debit card and swapping tokens within the app. Key features include the ability to buy, sell, and trade digital assets, an integrated NFT gallery, and optional keyless security using 3D facial biometrics for users less familiar with seed phrases. The wallet also integrates with DeFi protocols such as Aave and supports WalletConnect for interacting with decentralized applications (dApps). While the company was operational and its app was live, some sources have indicated the company may now be out of business as of early 2023, and its website has been noted as offline.
Keywords: crypto wallet, non-custodial wallet, Ethereum Layer 2, zkRollup, zkSync, DeFi mobile app, crypto payments, digital asset storage, seed funding, HashKey, ERC-20, NFT gallery, keyless security, crypto trading, dApp connectivity, blockchain technology, fintech, financial technology, cryptocurrency management