About Davos
Davos is a Financial Services company based in Hyderabad (India) founded in 2022 by Julian Hayward, Filipe Goncalves, and Varun Satyam. Davos has raised $500 thousand across 1 funding round from investors including Polygon and Sandeep Nailwal. Its chief executive is Varun Satyam. Davos offers products and services including DUSD, Davos Bridge, and DUSD Savings Rate. Its focus areas include FinTech, Cryptocurrencies, Lending and Consumer Loans. Its legal entity is Devos Law Partners Llp. Its competitors include Ledn, MetaStreet, Morpho, Credora and MoHash and 5 more; 8 of its 10 listed competitors have raised funding.
Company details
Cross-chain lending and borrowing platform. It allows users to borrow the stable asset against at first their staked MATIC assets, and earn additional yields, and yield-bearing stable assets in a single debt position against a low interest.
- Total Equity Funding$500K (USD)
in 1 rounds
- Latest Funding Round$500K (USD), Seed
Jan 2023
- InvestorsPolygon
& 1 more
Products & Services of Davos
Davos offers a comprehensive portfolio of products and services, including DUSD, Davos Bridge, and DUSD Savings Rate.
Stablecoin for DeFi liquidity backed by yield assets.
Enables DUSD transfers across blockchains for liquidity.
Offers predictable rewards on DUSD holdings in DeFi.
Funding Insights of Davos
Davos has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in January 2023. 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 $500,000
- Total Rounds 1
- Last Round Seed — $500,000
- First Round $500,000
(Jan 2023)
- Investors Count 2
All 1 funding rounds of Davos 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 |
|---|---|---|---|---|---|
| Jan 2023 | $500,000 | Seed | – | – |
2 investors in total: 1 institutional and 1 angel.
Investors in Davos
Davos has secured backing from 2 investors, including angel and institutional investors. Prominent investors backing the company include Polygon and Sandeep Nailwal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | polygon.technology | George Town, Cayman Islands | |
SN Sandeep Nailwal | Co-founder of Polygon, prominent blockchain investor, and Indian crypto pioneer | – | unknown_4302fb9294f741dba | - |
Investor details for Davos
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Davos
3 people are tracked at Davos (3 in leadership).
| Name | Role | Group |
|---|---|---|
Julian Hayward | Co-Founder | Leadership |
Filipe Goncalves | Co-Founder | Leadership |
Varun Satyam | Co-Founder & CEO | Leadership |
Complete people profiles for Davos
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Davos
2 dated milestones of Davos across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Davos is founded.
- Funding First funding round of $500K.
Competitors of Davos
Davos has 10 listed competitors in our database, 8 of them funded. They include Ledn, MetaStreet, Morpho, Credora and MoHash, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ledn.io | 2018 | Toronto, Canada | $104.25M | – | Blockchain-based loans secured by Bitcoin are provided by Ledn. | |
| metastreet.xyz | 2021 | Boston, United States | $49.12M | – | P2P liquidity platform for NFT collateral | |
| morpho.org | 2021 | Paris, France | $73.56M | – | Morpho is recognized as a trusted lending network. | |
| credora.io | 2019 | San Rafael, United States | $14M | – | Data-driven lending across CeFi and DeFi is enabled by Credora. | |
| mohash.co | 2021 | India | $7.19M | 5 | DeFi protocol is provided for emerging market debt access. | |
| yuanbao.com | 2014 | Beijing, China | $155.56M | – | Online digital currency as a collateral-based P2P lending platform | |
| credefi.finance | 2020 | Sofia, Bulgaria | – | – | Crypto loans are enabled via a decentralized P2P platform. | |
| tridig.io | 2023 | Stamford, United States | – | – | Digital asset lending and staking are facilitated for investors. | |
| euler.finance | 2020 | London, United Kingdom | $40M | 2 | Non-custodial protocols for crypto lending and borrowing are provided. | |
| ethichub.com | 2017 | Madrid, Spain | $2.1M | – | Blockchain-based P2P platform for farm loans is operated. |
Detailed competitors of Davos
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Cryptocurrencies
10 companies that operate in the same segment as Davos (Cryptocurrencies), 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 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | 14,747 | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | 1,212 | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, Ile de France, France | USD 575.4 M | – | 802 | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
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 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico City, Mexico | USD 331.35 M | – | 884 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 217 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about Davos
Davos was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Davos is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Varun Satyam is the current CEO of Davos. They have also founded this company.
Davos is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Jan 2023.
Cross-chain lending and borrowing platform. It allows users to borrow the stable asset against at first their staked MATIC assets, and earn additional yields, and yield-bearing stable assets in a single debt position against a low interest.
Davos's top competitors include Ledn, MetaStreet and Trident Digital.
Davos offers DUSD, Davos Bridge, and DUSD Savings Rate.
Davos has 2 investors. Key investors include Polygon, and Sandeep Nailwal.
Davos operates through Devos Law Partners Llp.