Seashell

Seashell is a fintech company operating in the financial services sector, focused on providing users with secure and simplified methods to earn higher yields on their money. The firm emerged from stealth in January 2022, securing $6 million in a seed funding round. This round was notably co-led by Khosla Ventures and Kindred Ventures and attracted a diverse group of investors, including Mark Cuban, Coinbase Ventures, and the founders of several major Web3 projects.

The company was founded by CEO Daryl Hok, who brings relevant experience from his previous role as COO at the blockchain security firm CertiK. The leadership team is further strengthened by professionals with backgrounds at prominent tech and finance companies such as Google, Robinhood, and Klarna. Seashell aims to address the issue of low interest rates in traditional savings accounts, which often results in money losing value over time.

The core service, Seashell Save, allows verified users to transfer funds from their bank accounts and begin earning steady interest. By leveraging innovations in blockchain and a compliance-first approach, the platform automates the complex processes typically associated with money management and yield generation. This service is designed to provide a user-friendly investment experience, distinct from conventional savings or investment accounts, by giving users access to a network of financially regulated institutions. The business model centers on offering these financial products that harness technology to deliver market-leading, compliant yields, creating a platform for customers to grow their money securely.

Keywords: fintech, high-yield savings, investment platform, Daryl Hok, money management, blockchain finance, financial services, digital banking, wealth management, seed funding, Khosla Ventures, Kindred Ventures, Coinbase Ventures, Mark Cuban, CertiK, compliance-focused, interest income