Ultimate, the first product developed and launched by Berlin-based Unstoppable Finance, has announced a EUR 12.5m Series A funding round led by Lightspeed Venture Partners to launch and scale its Decentralized Finance wallet & investing platform.
The Decentralized Finance (DeFi) investment platforms have been very complex to use for the crypto enthusiasts as they need technical expertise to navigate. The Ultimate App by Unstoppable Finance offers access layer to tokenized assets, web3 and digital identity. It offers solutions by providing a multi-chain and fully non-custodial wallet that is easy to use and access.
Funding is very crucial at this stage for enabling DeFi’s access to more investors who want to diversify their investments and looking for new opportunities.
The Series A funding was led by Lightspeed Venture Partners. It has existing investors like Speedinvest, Rockaway Blockchain Fund, Backed, Inflection, Discovery Ventures, Fabric Ventures and newly added Anagram.
In a blog, Co-founder and CEO Maximilian von Wallenberg-Pachaly has said:
“We are proud and excited to attract such prominent investors, especially during this tough market environment. With this funding, we’ll pursue our mission to bring DeFi to retail investors around the world with our app Ultimate. We’d like to thank both our old and new investors for their vote of confidence and trust in both our product and our mission.”
Lightspeed is a multi-stage VC firm focused on accelerating disruptive innovations and trends in the consumer and enterprise sectors. Banafsheh “B” Fathieh, Founding Partner at Lightspeed Faction and Advisor at Lightspeed Venture Partners said:
“From our first conversations with the Unstoppable Finance founders we recognized a strong team with a big vision. Max, Peter and Omid have an impressive track record of building great FinTech and Crypto products and we are very confident that they’ll build the missing conduit between the DeFi world and retail investors.”