The German fintech startup Unstoppable Finance today announced its €4.47 million seed round with its mission to bring Decentralized Finance to mainstream investors around the world. The oversubscribed funding round was joined by Speedinvest, Inflection, Backed, Cadenza, Discovery Ventures, Fabric Ventures, Rockaway Blockchain Fund, and well-known Angels from the Ethereum/Polkadot ecosystem, Centrifuge and Fractal.
Unstoppable Finance was founded earlier this year by Peter Grosskopf (CTO), Maximilian von Wallenberg-Pachaly (CEO) and Omid Aladini (Director of Engineering), who are FinTech and Crypto veterans, having previously worked together to build Börse Stuttgart Digital Exchange into one of Germany’s leading crypto exchanges.
Unstoppable Finance CEO Maximilian von Wallenberg-Pachaly stated: “The pace of innovation that we’re witnessing in DeFi is astonishing but using crypto wallets to discover and invest in the right products in this space still poses a significant challenge, especially for less tech-savvy investors.”
Blockchain protocols are powering a rapid financialization of the internet that will change the way value is stored and exchanged in the future. The DeFi space has fast grown into a trillion-dollar industry mainly centered around the trading of digital assets. Banking services such as lending and borrowing, as well as asset exchanges are being rebuilt entirely on-chain. DeFi wallets provide the holder with access to an entire new digital economy, consisting of a wide spectrum of financial services, digital art & collectibles (NFTs), play-to-earn games and other decentralized products. While DeFi wallets are the access layer for users to interact with this new world, they are currently too complex to cross the chasm to the mainstream.
With their mission to allow everyday investors to participate in this new decentralized economy, Unstoppable Finance set out to change this. The Berlin-based startup is providing a one-stop-shop for trading, high-yield savings, NFTs and other Web3 services, all bundled into an intuitive mobile application that also helps to discover the right products to invest in.
Dominik Tobschall from Speedinvest commented: “Web3 and DeFi is an extremely fast paced and highly complex space to navigate – even for deeply technical users. Wallets are a core piece of Web3 infrastructure, and we’re convinced that Unstoppable Finance is on track to build a category leading platform to empower the masses to interact with DeFi products seamlessly.”