2024

Impact

April

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 <p class="paragraph">Umoja, a pioneering <a rel="noopener noreferrer nofollow" title="smart" href="https://thebittimes.com/tag/smart.html">smart</a> <a rel="noopener noreferrer nofollow" title="money" href="https://thebittimes.com/tag/money.html">money</a> protocol, secured a $2 million extension to its initial seed <a rel="noopener noreferrer nofollow" title="funding" href="https://thebittimes.com/tag/funding.html">funding</a> <a rel="noopener noreferrer nofollow" title="round" href="https://thebittimes.com/tag/round.html">round</a>, pushing the total raised to $4 million, according to information shared with Finbold on March 19.&nbsp;</p>
 <p class="paragraph">Spearheaded by Robby Greenfield, former Head of Social Impact at ConsenSys, Umoja boasts backing from prominent names like Coinbase, 500 Global, Quantstamp (QSP), and others.</p>
 <h2 class="wp-block-heading" id="h-umoja-s-mission">Umoja’s mission</h2>
 <p class="paragraph">Prioritizing safety and returns, Umoja aims to transform digital investments.</p>
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 <p class="paragraph">At the core of Umoja’s mission is the democratization of wealth creation through Synths, the fundamental units of smart money.&nbsp;</p>
 <p class="paragraph">The tokenized strategies, accessible through Umoja’s dApp, facilitate the development of innovative financial instruments such as delta-neutral stablecoins and hedged assets.&nbsp;</p>
 <p class="paragraph">Addressing what it terms the “ROI Paywall,” Umoja seeks to provide accessible wealth-creation tools to billions who lack proven financial resources.&nbsp;</p>
 <h2 class="wp-block-heading" id="h-umoja-s-answer-to-defi">Umoja’s answer to DeFi</h2>
 <p class="paragraph">Despite retail investors holding a significant market share, institutional dominance often removes them from the spotlight due to restricted access to sophisticated investment tools.&nbsp;</p>
 <p class="paragraph">Umoja sees itself as the answer to the unfulfilled promise of decentralized finance (DeFi), offering customizable solutions instead of rigid investment options.</p>
 <p class="paragraph">With ambitions set on the projected $8.3 trillion asset management market by 2032, Umoja offers a user-friendly platform for navigating the complexities of digital assets.&nbsp;</p>
 <p class="paragraph">By crafting investing strategies to meet individual risk tolerance levels, Umoja aims to guide investors through the volatile cryptocurrency markets while optimizing returns.</p>
 <h2 class="wp-block-heading" id="h-the-social-benefits-of-cryptocurrency">The social benefits of cryptocurrency</h2>
 <p class="paragraph">The recent injection of $2 million into Umoja’s seed funding underscores investor confidence in its mission to democratize wealth creation.&nbsp;</p>
 <p class="paragraph">As the crypto industry experiences a surge marked by record-breaking highs for Bitcoin (BTC), Umoja seeks to help investors capitalize on this momentum.</p>
 <p class="paragraph">Umoja CEO Robby Greenfield, known for his commitment to the societal benefits of cryptocurrency, is at the helm of Umoja’s efforts.&nbsp;</p>
 <p class="paragraph">With a track record that includes pioneering stablecoin humanitarian aid programs and supporting workers in developing nations, Greenfield is determined to broaden access to smart money:&nbsp;</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“Bitcoin paved the way for accessible money; Umoja is now leading the charge for accessible wealth creation by simplifying asset management. This marks the convergence of traditional finance and decentralized finance in a pivotal moment.”</p> <cite>— Umoja CEO Robby Greenfield</cite>
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 <p class="paragraph">By <a rel="noopener noreferrer nofollow" title="democratizing" href="https://thebittimes.com/tag/democratizing.html">democratizing</a> asset management, the platform seeks to foster financial independence and contribute to global <a rel="noopener noreferrer nofollow" title="wealth" href="https://thebittimes.com/tag/wealth.html">wealth</a> redistribution.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/umoja-concludes-4m-seed-funding-round-democratizing-wealth-creation-with-smart-money-tbt83005.html">https://thebittimes.com/umoja-concludes-4m-seed-funding-round-democratizing-wealth-creation-with-smart-money-tbt83005.html</a></p>

Umoja concludes $4M seed funding round, democratizing wealth creation with smart money

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