About BENQi
BENQi is a company based in Finland founded in 2021.. BENQi has raised $6 million across 2 funding rounds from investors including Ava Labs, DRAGONFLY and Woodstock. BENQi offers products and services including Liquid Staking Protocol and Lending and Borrowing Protocol. BENQi operates in a competitive market with competitors including Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
- Headquarter Finland
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Sectors
TechnologyFinancial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6 M (USD)
in 2 rounds
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Latest Funding Round
$3.88 M (USD), Token Sale
Apr 28, 2021
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Investors
Ava Labs
& 10 more
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Employee Count
Employee Count
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Products & Services of BENQi
BENQi offers a comprehensive portfolio of products and services, including Liquid Staking Protocol and Lending and Borrowing Protocol. 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.
Enables staking AVAX for sAVAX and earning yields.
Allows lending and borrowing crypto assets for interest rewards.
Funding Insights of BENQi
BENQi has successfully raised a total of $6M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $3.88 million completed in April 2021. 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 2
- Last Round Token Sale — $3.9M
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First Round
First Round
(27 Apr 2021)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Token Sale - BENQi | Valuation |
investors |
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| Apr, 2021 | Amount | Series A - BENQi | Valuation | Ascensive Assets |
| 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 |
Investors in BENQi
BENQi has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Ava Labs, DRAGONFLY and Woodstock. 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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Advisory, venture capital, and startup services for blockchain are provided.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this micro VC fund.
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Founded Year | Domain | Location | |
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Venture capital and equity principal services are provided by Dragonfly.
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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 BENQi
| 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 - BENQi
| 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 |
Benqi Comparisons
Competitors of BENQi
BENQi 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 Consensys, Luno, Uphold, Coins.ph and BlockFi, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of blockchain and web3 software platform
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| domain | founded_year | HQ Location |
Mobile app for storing and trading cryptocurrencies is utilized.
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| domain | founded_year | HQ Location |
App-based wallet and exchange platform for cross-border money transfers
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| domain | founded_year | HQ Location |
Digital wallet for Bitcoin assets
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| domain | founded_year | HQ Location |
Crypto trading, loans, interest accounts, and wallets are offered online.
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| domain | founded_year | HQ Location |
App-based trading and deposit solutions for cryptocurrency are provided.
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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 Benqi
Frequently Asked Questions about BENQi
When was BENQi founded?
BENQi was founded in 2021.
Where is BENQi located?
BENQi is headquartered in Finland.
Is BENQi a funded company?
BENQi is a funded company, having raised a total of $6M across 2 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Apr 27, 2021.
What does BENQi do?
BENQi was established in 2021 in Finland within the DeFi sector. A decentralized network is maintained to integrate financial products, where digital assets are lent and borrowed in an over-collateralized setup. Liquidity is supplied and withdrawn from shared markets, permitting depositors to generate passive income through interest earnings. Borrowers access funds using their provided assets as collateral, supporting core operations in blockchain-based finance.
What products or services does BENQi offer?
BENQi offers Liquid Staking Protocol and Lending and Borrowing Protocol.
Who are BENQi's investors?
BENQi has 11 investors. Key investors include Ava Labs, DRAGONFLY, Woodstock, Mechanism Capital, and Spartan Group.