About Fordefi
Fordefi is a company based in New York (United States) founded in 2021 by Josh Schwartz, Dima Kogan, and Michael Volfman was acquired by Paxos in November 2025.. Fordefi has raised $28 million across 2 funding rounds from investors including Microsoft, Alchemy and PayPal. Fordefi offers products and services including MPC Wallet, Wallet API, Browser Extension, and Mobile App. Fordefi operates in a competitive market with competitors including Paxos, Zero Hash, BTSE, Farcaster and ParFin, among others.
- Headquarter New York, United States
- Founders Josh Schwartz, Dima Kogan, Michael Volfman
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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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Products & Services of Fordefi
Fordefi offers a comprehensive portfolio of products and services, including MPC Wallet, Wallet API, Browser Extension, and Mobile App. 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 tool for self-custody of digital assets in DeFi.
API for creating and managing self-custodial wallets.
Extension for connecting to dApps across blockchains securely.
App for reviewing and approving blockchain transactions.
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Funding Insights of Fordefi
Fordefi has successfully raised a total of $28M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $10 million completed in February 2024. 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 Seed — $10.0M
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First Round
First Round
(08 Nov 2022)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2024 | Amount | Seed - Fordefi | Valuation | Electric Capital | |
| Nov, 2022 | Amount | Seed - Fordefi | Valuation | Lightspeed Venture Partners |
| 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 |
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Investors in Fordefi
Fordefi has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include Microsoft, Alchemy and PayPal. 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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Cryptocurrency investment firm
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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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 Fordefi
| 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 - Fordefi
| 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 |
Fordefi Comparisons
Competitors of Fordefi
Fordefi 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 Paxos, Zero Hash, BTSE, Farcaster and ParFin, 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 |
Blockchain-based settlement solutions are provided for financial institutions.
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Embedded crypto solutions for financial institutions
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Cryptocurrencies exchange platform
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Decentralized white-label social platforms are provided for community creation.
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Platform offering web3 infrastructure solutions
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fordefi
Frequently Asked Questions about Fordefi
When was Fordefi founded?
Fordefi was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Fordefi located?
Fordefi is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Fordefi?
Josh Schwartz is the current CEO of Fordefi. They have also founded this company.
Is Fordefi a funded company?
Fordefi is a funded company, having raised a total of $28M across 2 funding rounds to date. The company's 1st funding round was a Seed of $18M, raised on Nov 08, 2022.
What does Fordefi do?
Founded in 2021 in New York, United States, Fordefi operates as an MPC wallet platform and Web3 gateway in the decentralized finance sector. Institutions are enabled to access decentralized applications across multiple blockchain networks with asset security maintained. Services offered include MPC key management, self-service DeFi policy controls, transaction simulation, smart contract insights during transactions, and risk alerts for operational oversight.
Who are the top competitors of Fordefi?
What products or services does Fordefi offer?
Fordefi offers MPC Wallet, Wallet API, Browser Extension, and Mobile App.