Venture firm Lightspeed Venture Partners led the Series A financing round for Unstoppable Finance, amounting to €12.5 million ($12.8 million).
The round also included Speedinvest, Rockaway Blockchain Fund, Backed VC, Inflection, Discovery Ventures, Fabric Ventures and Anagram.
The project is preparing to launch the non-custodial DeFi Ultimate crypto wallet with direct connectivity to yield protocols and decentralized exchanges.
“We deeply integrate DeFi protocols into the mobile interface,” said co-founder Maximilian von Wallenberg-Pachali.
Unstoppable Finance declined to disclose its valuation; however, they noted that the funding raised significantly exceeded the results of the seed round in October 2021. The investments will allow the startup to expand its presence in the U.S. market. According to them, more than 300,000 pre-registrations are on the waitlist.
Initially launched on the Solana blockchain as an iOS app within the EU, Unstoppable Finance plans to implement Ethereum compatibility later this year and launch an Android wallet version.
Earlier in March, the European Parliament backed amendments to the information-sharing regime among counterparties, which envisage collection of data on users of non-custodial cryptocurrency wallets.
Follow ForkLog’s bitcoin news on our Telegram channel — crypto news, prices and analysis.