DeFi wallet startup Unstoppable Finance raises €12.5 million

DeFi wallet startup Unstoppable Finance raises €12.5 million

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DeFi wallet startup Unstoppable Finance raises €12.5 million

The Block2 months ago
EthereumEthereum
SolanaSolana
FabricFabric
Published on August 10, 2022 07:45 GMT+00:00edited on August 10, 2022 16:19 GMT+00:00

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Unstoppable Finance, a Berlin-based startup, secured a €12.5 million ($12.8 million) round led by Lightspeed Venture Partners to launch a non-custodial crypto wallet.

Other investors in the Series A round include Speedinvest, Rockaway Blockchain Fund, Backed VC, Inflection, Discovery Ventures, Fabric Ventures and Anagram, Unstoppable Finance told The Block. 

Unstoppable Finance was founded by SolarisBank founder Peter Grosskopf, former Soundcloud engineer Omid Aladini and Maximilian von Wallenberg-Pachaly, former CEO of the digital assets arm of Börse Stuttgart, Germany's second-largest stock exchange.

Unstoppable's wallet — called Ultimate — aims to draw on the slick user experience seen in fintech apps to attract crypto-curious retail investors. The team behind it thinks a more …