About Fold
Fold is a company based in Atlanta (United States) founded in 2014 by Will Reeves and Corbin Pon.. Fold has raised $60.05 million across 6 funding rounds from investors including Bessemer Venture Partners, CoinShares and ATW Partners. The company has 28 employees as of December 31, 2024. Fold operates in a competitive market with competitors including Super, NetSpend, Blackhawk Network, Card.com and Ugami, among others.
- Headquarter Atlanta, United States
- Employees 28 as on 31 Dec, 2024
- Founders Will Reeves, Corbin Pon
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fold Holdings, Inc.
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Annual Revenue
$00as on Dec 31, 2024
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Net Profit
$-1.87 M-142.05as on Dec 31, 2024
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EBITDA
$-2.92 M21.71as on Dec 31, 2024
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Total Equity Funding
$60.05 M (USD)
in 6 rounds
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Latest Funding Round
$157.63 K (USD), Post-IPO
Sep 05, 2025
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Investors
Bessemer Venture Partners
& 7 more
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Employee Count
28
as on Dec 31, 2024
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IPO & Listings of Fold
Fold is a publicly listed company on the NASDAQ with ticker symbol FLD in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Fold
Fold has successfully raised a total of $60.05M across 6 strategic funding rounds. The most recent funding activity was a Post-IPO round of $157.63 thousand completed in September 2025. 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 6
- Last Round Post-IPO — $157,625
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First Round
First Round
(25 Sep 2019)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Post-IPO - Fold | Valuation |
investors |
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| Dec, 2024 | Amount | Series B - Fold | Valuation |
investors |
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| Mar, 2021 | Amount | Series A - Fold | Valuation | Craft Ventures |
| 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 Fold
Fold has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, CoinShares and ATW Partners. 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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ATW Partners is engaged in smart and strategic investing.
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Founded Year | Domain | Location | |
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Venture capital fund focused on SaaS and consumer sectors
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by M13 venture capital fund.
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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 Fold
| 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 - Fold
| 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 |
Fold Comparisons
Competitors of Fold
Fold 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 Super, NetSpend, Blackhawk Network, Card.com and Ugami, 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 |
Online platform for discovering and booking hotel accommodations at discounted prices
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| domain | founded_year | HQ Location |
Prepaid Visa and MasterCard debit cards are processed and marketed.
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| domain | founded_year | HQ Location |
Prepaid cards for employee financial benefits are provided.
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| domain | founded_year | HQ Location |
Designer pre-paid payment cards are offered for omni-channel transactions.
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| domain | founded_year | HQ Location |
Digital banking services are offered to gamers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Fold
Frequently Asked Questions about Fold
When was Fold founded?
Fold was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Where is Fold located?
Fold is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Fold?
Will Reeves is the current CEO of Fold. They have also founded this company.
Is Fold a funded company?
Fold is a funded company, having raised a total of $60.05M across 6 funding rounds to date. The company's 1st funding round was a Series A of $17.48M, raised on Sep 25, 2019.
How many employees does Fold have?
As of Dec 31, 2024, the latest employee count at Fold is 28.
What does Fold do?
Fold was founded in 2014 in Atlanta, United States, within the fintech and cryptocurrency sector. NFC-enabled prepaid cards are issued, allowing Bitcoin rewards on transactions. App-based wallets are loaded by users for payments, which are processed by scanning barcodes at retail or online stores via smartphones. Bitcoin is used for settlements, while merchants may receive funds in USD. The app is accessible on iOS and Android platforms.
Is Fold publicly traded?
Yes, Fold is publicly traded on NASDAQ under the ticker symbol FLD.
Who are Fold's investors?
Fold has 8 investors. Key investors include Bessemer Venture Partners, CoinShares, ATW Partners, Craft Ventures, and M13 Company.
What is Fold's ticker symbol?
The ticker symbol of Fold is FLD on NASDAQ.
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