About Ondo Finance
Ondo Finance is a company based in New York (United States) founded in 2021 by Pinku Surana. It operates as a FinTech. Ondo Finance has raised $24 million across 3 funding rounds from investors including Coinbase, Wintermute and GoldenTree. Ondo Finance has completed 1 acquisition, including Oasis Pro Markets. Ondo Finance offers products and services including Ondo Finance Platform. Ondo Finance operates in a competitive market with competitors including Sygnum, Xapo Bank, Cashaa, Ondo and AMINA Bank, among others.
- Headquarter New York, United States
- Founders Pinku Surana
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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
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Annual Revenue
$590.82 M (USD)18as on Mar 31, 2024
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Net Profit
$31.12 M (USD)36as on Mar 31, 2024
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EBITDA
$45.89 M (USD)40as on Mar 31, 2024
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Total Equity Funding
$24 M (USD)
in 3 rounds
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Latest Funding Round
$22.04 M (USD), Token Sale
Jan 18, 2024
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Investors
Coinbase
& 17 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Ondo Finance
Ondo Finance offers a comprehensive portfolio of products and services, including Ondo Finance Platform. 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.
A platform for decentralized finance solutions is provided.
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Funding Insights of Ondo Finance
Ondo Finance has successfully raised a total of $24M across 3 strategic funding rounds. The most recent funding activity was a Token Sale round of $22.04 million completed in January 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 3
- Last Round Token Sale — $22.0M
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First Round
First Round
(17 Aug 2021)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Token Sale - Ondo Finance | Valuation |
investors |
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| Apr, 2022 | Amount | Series A - Ondo Finance | Valuation | Founders Fund , Pantera Capital | |
| Aug, 2021 | Amount | Seed - Ondo Finance | Valuation | Pantera Capital |
| 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 Ondo Finance
Ondo Finance has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Coinbase, Wintermute and GoldenTree. 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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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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Blockchain-focused investment funds and venture capital are provided.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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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 Ondo Finance
Ondo Finance has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Oasis Pro Markets. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Liquidity and trading services for digital securities are provided.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ondo Finance
| 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 |
Ondo Finance Comparisons
Competitors of Ondo Finance
Ondo Finance 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 Sygnum, Xapo Bank, Cashaa, Ondo and AMINA Bank, 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 |
Banking solutions for digital assets
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| domain | founded_year | HQ Location |
Digital banking for fiat currencies and cryptocurrencies is provided.
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| domain | founded_year | HQ Location |
Blockchain-based digital banking services are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Ondo is focused on claim prevention technology for insurers.
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| domain | founded_year | HQ Location |
Digital asset banking platform
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| domain | founded_year | HQ Location |
Digital bank for individuals
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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 Ondo Finance
Frequently Asked Questions about Ondo Finance
When was Ondo Finance founded?
Ondo Finance was founded in 2021.
Where is Ondo Finance located?
Ondo Finance is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Ondo Finance a funded company?
Ondo Finance is a funded company, having raised a total of $24M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Aug 17, 2021.
What is the annual revenue of Ondo Finance?
Annual revenue of Ondo Finance is $590.82M as on Mar 31, 2024.
What does Ondo Finance do?
Decentralized finance solutions are provided by Ondo Finance through its platform. Focus is placed on innovative financial products within the blockchain and cryptocurrency sectors. Services are designed to facilitate access to financial markets using decentralized technologies.
Who are the top competitors of Ondo Finance?
What products or services does Ondo Finance offer?
Ondo Finance offers Ondo Finance Platform.
How many acquisitions has Ondo Finance made?
Ondo Finance has made 1 acquisition, including Oasis Pro Markets.
Who are Ondo Finance's investors?
Ondo Finance has 18 investors. Key investors include Coinbase, Wintermute, GoldenTree, Digital Currency Group, and Flow Traders.
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