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Blockchain Technology Series A Founded 2019

DeversiFi

DeversiFi, now operating as Rhino.fi, is a cross-chain liquidity layer for stablecoins that provides infrastructure for decentralized cryptocurrency exchange and stablecoin onboarding. The platform enables automated trading of cryptocurrencies and tokens using funds held in secure personal wallets or smart contracts, with features including price monitoring, trading volume analysis, algorithmic trading design, and…

📍 London, United Kingdom · Decentralized Autonomous Organizations,

Funding snapshot

Last roundSeries A
Amount$5M
Date18 May 2021
Total raised$5M
Team size28

About

DeversiFi, now operating as Rhino.fi, is a cross-chain liquidity layer for stablecoins that provides infrastructure for decentralized cryptocurrency exchange and stablecoin onboarding. The platform enables automated trading of cryptocurrencies and tokens using funds held in secure personal wallets or smart contracts, with features including price monitoring, trading volume analysis, algorithmic trading design, and automated execution. Rhino.fi processes stablecoin volume globally, having handled over $15 billion in transactions with a 99.99 percent route success rate across more than 20 blockchain networks. The platform offers universal deposit addresses that settle in under 10 seconds, smart deposit addresses accepting stablecoins from any chain, automated on-chain actions, stablecoin routing and settlement, a payments widget, and built-in compliance with 100 percent KYT screening on every transfer. The platform serves neobanks, card issuers, remittance services, merchant payment systems, payroll platforms, embedded wallets, perpetual DEXs, yield platforms, and RWA platforms. Clients include Wirex, Tether, Paradex, and GRVT. Founded in 2019 and headquartered in London, the company has raised $5.45 million in Series A funding from investors including DeFiance Capital, Lightspeed Venture Partners, Fenbushi Capital, StarkWare, and ParaFi.

Business model

Cryptocurrencies > Financial Services > Investment Industry > Crypto Exchanges > Decentralized Exchanges

Founders & team highlights

Founder with Prior Funding,

Serial Founder

Team background

College Wise > University of Cambridge

Institutional investors

DeFiance Capital Lightspeed Venture Partners Fenbushi Capital Delphi Ventures OKX ParaFi StarkWare LongHash Ventures Blockchain Coinvestors D1 Ventures Kain Warwick Mona El Isa Stani Kulechov

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