About Defy
Defy is a company based in Izmir (Turkey) founded in 2022 by Suat Ozkan and Hasret Ozkan. It operates as a Blockchain-as-a-Service, and API-as-a-Product. Defy offers products and services including Travel Rule Solution, Live AML Solutions, and Detailed Investigation Tool. Defy operates in a competitive market with competitors including Consensys, Luno, Uphold, Kraken and Coins.ph, among others.
- Headquarter Izmir, Turkey
- Founders Suat Ozkan, Hasret Ozkan
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Sectors
Financial ServicesTechnology
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Products & Services of Defy
Defy offers a comprehensive portfolio of products and services, including Travel Rule Solution, Live AML Solutions, and Detailed Investigation Tool. 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.
Compliance with FATF Travel Rule is facilitated for crypto.
Real-time wallet checks are provided for AML compliance.
Detailed wallet investigations are enabled for blockchain security.
Funding Insights of Defy
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2023 | Amount | Seed - Defy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Defy
Defy has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Alesta. 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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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 Defy
| 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 - Defy
| 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 |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Defy Comparisons
Competitors of Defy
Defy 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, Kraken and Coins.ph, 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 |
Developer of blockchain and web3 software platform
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Mobile app for storing and trading cryptocurrencies is utilized.
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App-based wallet and exchange platform for cross-border money transfers
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Provider of an app-based trading and exchange platform for cryptocurrency
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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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| 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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On-demand services are booked through an app-based platform.
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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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Frequently Asked Questions about Defy
When was Defy founded?
Defy was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Defy located?
Defy is headquartered in Izmir, Turkey. It is registered at Izmir, Izmir, Turkey.
Who is the current CEO of Defy?
Suat Ozkan is the current CEO of Defy. They have also founded this company.
What does Defy do?
A range of blockchain solutions focused on compliance and anti-money laundering is offered by Defy. Services include Travel Rule compliance for crypto transfers, real-time VASP identity verification, and privacy-first data sharing. Additionally, live AML monitoring, detailed investigation tools, and wallet security solutions are provided. The ecosystem supports web3 by building decentralized, user-driven platforms. Integration is facilitated through developer-friendly APIs for scalability across startups and large institutions. Sectors served include cryptocurrency exchanges, wallets, and custodians with a focus on regulatory adherence and security.
What products or services does Defy offer?
Defy offers Travel Rule Solution, Live AML Solutions, and Detailed Investigation Tool.
Who are Defy's investors?
Defy has 1 investor. Key investors include Alesta.
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