About Balance
Balance is a company based in Toronto (Canada) founded in 2017 by George Bordianu and Baha Nurlybayev. It operates as a Managed Services, and FinTech. Balance has raised $120 thousand across 3 funding rounds from investors including Techstars, Bicameral Ventures and Accelerator Centre. Balance offers products and services including Balance Custody, Balance Yield, Balance Compliance, and Balance Settlements. Balance operates in a competitive market with competitors including Cobo, Metaco, Hex Trust, Unchained Capital and Finoa, among others.
- Headquarter Toronto, Canada
- Founders George Bordianu, Baha Nurlybayev
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Paradiso Ventures Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$120 K (USD)
in 3 rounds
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Latest Funding Round
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Investors
Techstars
& 2 more
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Employee Count
Employee Count
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Products & Services of Balance
Balance offers a comprehensive portfolio of products and services, including Balance Custody, Balance Yield, Balance Compliance, and Balance Settlements. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secure offline storage for digital assets is provided.
Yield generation on digital assets is facilitated here.
Automated regulatory record keeping and reporting are offered.
Escrow services for high-value transactions are provided.
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Funding Insights of Balance
Balance has successfully raised a total of $120K across 3 strategic funding rounds. 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 Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(04 Feb 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2019 | Amount | Seed - Balance | Valuation | Bicameral Ventures |
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| Jun, 2019 | Amount | Seed - Balance | Valuation | Accelerator Centre |
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| Feb, 2019 | Amount | Seed - Balance | Valuation | Techstars |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Balance
Balance has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Techstars, Bicameral Ventures and Accelerator Centre. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Startups are built and accelerated in a structured studio environment.
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Balance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Balance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Balance Comparisons
Competitors of Balance
Balance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cobo, Metaco, Hex Trust, Unchained Capital and Finoa, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Digital asset custody and wallet infrastructure solutions are provided by Cobo.
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| domain | founded_year | HQ Location |
Cryptocurrency custody solutions are provided for banks.
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| domain | founded_year | HQ Location |
Custodian service for digital assets
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| domain | founded_year | HQ Location |
Cryptocurrency custody solutions with multi-signature storage are provided.
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| domain | founded_year | HQ Location |
Custodian solutions for cryptocurrencies and digital assets are offered.
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| domain | founded_year | HQ Location |
Digital custody and crypto management solutions are offered online.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Balance
Frequently Asked Questions about Balance
When was Balance founded?
Balance was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Balance located?
Balance is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Balance?
George Bordianu is the current CEO of Balance. They have also founded this company.
Is Balance a funded company?
Balance is a funded company, having raised a total of $120K across 3 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Feb 04, 2019.
What does Balance do?
Balance is engaged in providing secure digital asset custody and related financial services. Operations are focused on secure offline storage, compliance automation, and collateral management for institutional clients. Sectors served include OTC desks, trading platforms, lending desks, and corporate entities. Solutions such as escrow services, warm wallet infrastructure, and integrated third-party lending are offered to qualifying individuals and entities in Canada and the US.
Who are the top competitors of Balance?
Balance's top competitors include Hex Trust, Cobo and Unchained Capital.
What products or services does Balance offer?
Balance offers Balance Custody, Balance Yield, Balance Compliance, and Balance Settlements.
Who are Balance's investors?
Balance has 3 investors. Key investors include Techstars, Bicameral Ventures, and Accelerator Centre.
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