Folks Finance logo — Connecting wealth across chains.

Folks Finance

Connecting wealth across chains.

Founded 2021 24 employees Undisclosed Total: $3.00M Blockchain, Crypto +2

General Information

Company Name Folks Finance
Founded Year 2021
Employees 24
Industries Blockchain, Crypto, Financial Services +1
Funding Stage Undisclosed
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About Folks Finance

Folks Finance is a non-custodial DeFi protocol that offers financial tools for managing digital assets. With a slogan of "DeFi at its finest: lend, borrow, trade, and manage digital assets all in one place," the company's smart-contract technology allows for advanced strategies while eliminating risks of centralized interference. Users can deposit assets to earn yield and use these deposits as collateral for loans. Integrated with the Deflex DEX aggregator, the protocol enables native swaps and composability with other operations. Additionally, developers have access to deep liquidity through flash loans. Furthermore, the Algo Liquid Governance provides an efficient method of participating in Algorand Governance through gALGO. Founded in 2021, Folks Finance operates in the Blockchain, Financial Services, and Fintech industries, with its last seed round investment secured on 27 December 2023 with Majinx Capital as the investor.

Taxonomy: DeFi, non-custodial, digital assets, smart-contract technology, yield farming, collateralized loans, DEX aggregator, flash loans, Algorand, governance, liquidity, crypto, finance, innovation

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Funding Round •••••• 1
Investor
02 Jul 2024
Seed Round •••••• 1 •••• •••• 27 Dec 2023
Seed Round •••••• 8
Investor Investor Investor Investor Investor Investor
•••• ••••
20 Jan 2022

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FAQ About Folks Finance

Connecting wealth across chains.
Folks Finance was founded in 2021.
Folks Finance operates in the following industries: Blockchain, Crypto, Financial Services, Fintech.
Folks Finance has approximately 24 employees.
Folks Finance has completed 3 funding rounds, raising a total of $3.00M. The latest funding stage is Undisclosed.
Top alternatives and competitors to Folks Finance include Xend Finance, Fundlr, Acta Finance, DeltaPrime, Multifarm.fi. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Folks Finance and Xend Finance are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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