March 21, 2022 – Bangalore, India
NeoFi, a platform that helps retail investors build a diversified long-term portfolio of digital assets in a single click and leverage DeFi to earn hassle-free passive yields, has secured funding of $2.1 million from notable investors.
NeoFi will use this funding to complete the development of its ecosystem and launch a suite of products to make investing in digital assets easier and safer for investors, especially retail investors. NeoFi’s strategic investment was led by industry heavyweights like Digital Strategies, BlueZilla, Ghaf Capital, GDA Capital, Banter Capital, Magnus Capital, Maven Capital and Contango Digital Assets, and angel investors like Heslin Kim.
The completion of the round marks an important milestone in NeoFi’s journey, securing funding for the product development and setting the stage for the upcoming IDO. NeoFi enjoys broad support from the investment community and crypto heavyweights in particular, who see tremendous growth potential for the novel concept of a diversified portfolio as a long-term investment strategy.
NeoFi’s upcoming IDO and token launch is scheduled for March 22, 2022, on the world’s leading launchpads BSCPad and Zigpad.
What is NeoFi
NeoFi platform allows anyone to build a diversified portfolio (‘baskets’) of digital assets in a single click, which are listed across multiple CEXs and DEXs. NeoFi baskets are designed to track a theme, idea or strategy. Neofi baskets can be based on the following.
- An idea, such as web 3.0, launchpads, blue-chip cryptocurrencies, etc.
- A market theme like metaverse, GameFi, NFTs, DeFi, etc.
- An algorithmic or research-based strategy
- Mimicking portfolios of fund managers, experts, VCs, etc.
NeoFi allows users to stake their assets in multiple DeFi protocols and earn higher yield without any gas fees through a unified dashboard.
The NeoFi ecosystem is powered by the NeoFi fiat-crypto gateway, which is one of the easiest ways to convert fiat currencies to digital assets and is already live with some of the top exchanges like Huobi Global and ByBit. Neofi gateway is also being integrated with other top exchanges and projects.
Abhishek Kumar, co-founder and CEO of NeoFi, said,
“NeoFi aims to bring the next billion people to the world of cryptocurrencies by making it easier and safer for people to invest. We are working on becoming the market leader for retail crypto investments.”
IDO details
Here is everything you need to know about the upcoming IDO.
The IDO is an exciting time for all crypto projects, and NeoFi is thrilled about the launch.
To find out more, follow NeoFi.
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Contact
Abhishek Kumar, co-founder and CEO of NeoFi
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Source: https://dailyhodl.com/2022/03/21/crypto-investment-platform-neofi-secures-2-1-million-of-strategic-funding/