Silver crypto-wallet raises $ 12M to simplify access to DeFi

Californian Paradigm, the founder of Compound and Index Ventures have invested in Money, a startup that publishes a Ethereum wallet providing access to Decentralized Finance (DeFi).

Paradigm, a venture capital firm founded by Coinbase co-founder Fred Ehrsam and Matt Huang, partner at Sequoia Capital, led a tour de table $ 12 million for the londonian Money.

San Francisco-based cryptocurrency joins Index Ventures, Creandum and Firstminute Capital, who already supported the company and who also participated in this new fundraiser, bringing the total funding of Argent to 16 million dollars, reports CityAM.

Money has developed a wallet allowing to keep ethers and tokens ERC-20 but also to easily access services Challenge, as Compound and Maker.

DeFi platforms are sometimes difficult to use, Money wants to make them accessible to everyone, by simplifying their use as much as possible, ”we can read on the Argent blog.

With his crypto-wallet, users could benefit from Decentralized Finance (DeFi) "In a few clicks". The wallet also allows you to exchange ERC-20 tokens on a decentralized exchange and buy them via different payment methods, including Apple Pay (only in the USA).

The young shoot indicated that the funding would be used to expand its team, both in its offices in London but also in its international subsidiaries.

This is a big step in our mission to help people control and profit from their digital assets […] We have eliminated complexity and built a mobile wallet as simple to use as Monzo or Revolut, if not easier, ”commented Argent co-founder Itamar Lesuisse.