About Airfox
Airfox is a Financial Services company based in Boston (United States) founded in 2016 by Sara Choi, and was acquired by Via Varejo SA in May 2020. Blockchain-based mobile wallet for recharges and loans is offered. Airfox has raised $1.24 million across 3 funding rounds from investors including Techstars, Via Varejo SA and Project 11 Ventures. Its focus areas include FinTech, Cryptocurrencies, Lending and Consumer Loans. Its competitors include BlockFi, Salt lending and Milo; 2 of its 3 listed competitors have raised funding.
Company details
Founded in 2016 in Boston, United States, Airfox operates in the fintech sector with a blockchain-based mobile wallet. Services include mobile balance top-ups, utility bill payments, fund transfers, transportation card recharges, and personal loans granted via credit scores derived from user data analytics. Wallet users can earn AirTokens by viewing video ads, convertible to airtime. The application is accessible on iOS and Android platforms.
- Headquarters Boston, United States
- Founders Sara Choi
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website airfox.com
- Social LinkedIn X Facebook
- Acquired by Via Varejo SA (May 2020)
- Total Equity Funding$1.24M (USD)
in 3 rounds
- Latest Funding Round$15M (USD), Token Sale
Oct 2017
- InvestorsTechstars
& 4 more
- Acquired byVia Varejo SA
(May 2020)
Funding Insights of Airfox
Airfox has successfully raised a total of $1.24M across 3 strategic funding rounds. The most recent funding activity was a Token Sale round of $15 million completed in October 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.24M
- Total Rounds 3
- Last Round Token Sale — $15M
- First Round $100,000
(Feb 2016)
- Investors Count 4
All 3 funding rounds of Airfox with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2017 | $15M | Token Sale | – | – | – |
| Jul 2016 | $1.14M | Seed | – | Project 11 Ventures | |
| Feb 2016 | $100,000 | Seed | – | – |
5 investors in total: 5 institutional.
Investors in Airfox
Airfox has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Techstars, Via Varejo SA and Project 11 Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech focused pre seed VC firm investing in the US | project11.com | Boston, United States | ||
VC firm investing in seed & early stage companies in the US | launchcapital.com | New Haven, United States | ||
| nxtventures.com | ||||
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Operates B2B and retail brands | 2010 | viavarejo.com.br |
Investor details for Airfox
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People of Airfox
12 people are tracked at Airfox (11 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Sara Choi | Co-Founder & COO | Leadership |
Mark Michelman | Product Director | Leadership |
Patricia Zaborowsky | Head of Human Resources | Leadership |
Fabio Serra | Head of Fraud Prevention | Leadership |
Victor Santos | Co-founder, CEO | Leadership |
Katie Sedat | Director of Corporate Performance | Leadership |
Emanuel Moecklin | CTO | Leadership |
Ana Peretti | Marketing Director | Leadership |
Douglas Lopes | CFO | Leadership |
Alex Barreto | Legal Director | Leadership |
Felipe Cine | Head of Customer Success | Leadership |
Regina Murakoshi | CPO | Team |
Complete people profiles for Airfox
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Timeline of Airfox
4 dated milestones of Airfox across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Airfox is founded.
- Funding First funding round of $100K.
- Funding Latest funding round, Token Sale, of $15.0M.
- Exit Acquired by Via Varejo SA.
Competitors of Airfox
Airfox has 3 listed competitors in our database, 2 of them funded. They include BlockFi, Salt lending and Milo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| blockfi.com | 2017 | Jersey, United States | $465.65M | Crypto trading, loans, interest accounts, and wallets are offered online. | ||
| saltlending.com | 2016 | Denver, United States | $65.1M | 27 | Asset-backed loans using cryptocurrency as collateral are offered online. | |
| getmilo.com | 2018 | New York, United States | Standalone veterinary clinic services are provided in New York. |
Detailed competitors of Airfox
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Top companies in Cryptocurrencies
3 companies that operate in the same segment as Airfox (Cryptocurrencies) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 |
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Frequently Asked Questions about Airfox
Airfox was founded in 2016.
Airfox is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Airfox is a funded company, having raised a total of $1.24M across 3 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Feb 2016.
Founded in 2016 in Boston, United States, Airfox operates in the fintech sector with a blockchain-based mobile wallet. Services include mobile balance top-ups, utility bill payments, fund transfers, transportation card recharges, and personal loans granted via credit scores derived from user data analytics. Wallet users can earn AirTokens by viewing video ads, convertible to airtime. The application is accessible on iOS and Android platforms.
Airfox's top competitors include BlockFi, Salt lending and Milo.
Airfox has 5 investors. Key investors include Techstars, Via Varejo SA, Project 11 Ventures, LaunchCapital, and NXT Ventures.
Yes. Airfox was acquired by Via Varejo SA in May 2020.