- Summary:
- Crypto portfolio diversification platform, NeoFi, has raised $2.1 million in strategic funding. How is this likely to impact its growth?
Digital assets portfolio diversification platform, NeoFi, has successfully raised $2.1 million in strategic funding. The funds will go towards helping the platform create a more robust and secure investment environment for its growing user base. The funding round attracted contributions from Digital Strategies, Contango, BlueZilla, Ghaf Capital, Digital Assets, GDA Capital, Banter Capital, Magnus Capital, Maven Capital, and several Angel investors, including Heslin Kim.
Importantly, that NeoFi was able to attract many leading investors in the blockchain industry attests to its great growth potential. Also, the funds have come in at an opportune time for the project, as it embarks on its expansion strategy. Particularly, NeoFi has recently undertaken an IDO and has lined up a raft of product developments in the immediate future.
According to the company’s co-founder and CEO, Abhishek Kumar, they are on a journey to creating an enabling environment for 1 billion users to adopt digital assets. We are working on becoming the market leader for retail crypto investments,” he added. NeoFi has carved out a niche in its venture by creating a way for investors to gain exposure to crypto assets with minimal risk. For instance, its Unified Dashboard allows users to stake their crypto in multiple DeFi protocols, thereby increasing their earnings.
Additionally, NeoFi creates its portfolio by mixing multiple thematic areas like GameFi, Metaverse and NFTs. It has also invested in algorithmic and research-driven strategies, including mimicking successful VCs.
About NeoFi
NeoFi is a crypto-centric investment platform specializing in creating diverse crypto portfolios. It enables investors to invest in multiple digital assets by offering a diversified basket of low-risk, high-yield assets. The NeoFi Fiat-Crypto Gateway powers the platform, and it facilitates easy fiat-to-crypto conversion.
NeoFi Crypto Gateway has experienced impressive market performance and has already been listed by leading exchange platforms. Examples include ByBit and Huobi Global. Following the recently-launched IDO, it is likely that the platform will experience increased user activity.