About Pendle
Pendle is a company based in United States founded in 2020 by Vu Nguyen and TN Lee. Pendle has raised $3.5 million across 4 funding rounds from investors including Binance, imToken and HashKey Exchange. Pendle operates in a competitive market with competitors including Ripple, Compound, CyberConnect, Axoni and Injective, among others.
- Headquarter Remote, United States
- Founders Vu Nguyen, TN Lee
- SectorsTechnologyFinancial Services
- Website category Finance · Investing
- Website pendle.finance
- Social X
- Total Equity Funding$3.5M (USD)
in 4 rounds
- InvestorsBinance
& 15 more
Funding Insights of Pendle
Pendle has successfully raised a total of $3.5M across 4 strategic funding rounds. 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 $3.5M
- Total Rounds 4
- First Round $3.5M
(Apr 2021)
- Investors Count 16
All 4 funding rounds of Pendle 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 |
|---|---|---|---|---|---|
| Nov 2023 | – | Series A | – | Spartan Group | – |
| Aug 2023 | – | Series A | – | – | |
| Apr 2021 | $11.83M | Token Sale | – | – | – |
| Apr 2021 | $3.5M | Series A | – | Mechanism Capital |
16 investors in total: 16 institutional.
Investors in Pendle
Pendle has secured backing from 16 investors, including venture fund and institutional investors. Prominent investors backing the company include Binance, imToken and HashKey Exchange.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Advisory, venture capital, and startup services for blockchain are provided. | – | spartangroup.io | Singapore, Singapore | |
An online lottery platform focused on Toto Macau draws is operated. | – | cmsventures.com | - | |
Venture capital investments are directed toward blockchain startups by Lemniscap. | – | lemniscap.com | George Town, Cayman Islands | |
Parataxis Capital is focused on digital asset investment advisory. | 2019 | parataxis.io | New York, United States | |
Blockchain startups are funded through venture capital investments. | – | signum.capital | Singapore, Singapore | |
Fund-of-funds investments are managed in the green data economy. | – | youbicapital.com | - | |
Online exchange platform for cryptocurrency | 2017 | binance.com | Ta Xbiex, Malta | |
Blockchain development services are provided for DeFi applications. | 2020 | defialliance.co | United States | |
A platform for safe and simple cryptocurrency trading is provided. | 2018 | hashkey.com | Hong Kong, China | |
Digital asset wallet for cryptocurrency exchange | 2016 | token.im | Singapore, Singapore |
Investor details for Pendle
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Pendle
9 people are tracked at Pendle (4 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Vu Nguyen | Co-Founder & CTO | Leadership |
TN Lee | Co-Founder & CEO | Leadership |
Long Vuong Hoang | Head Of Engineering | Leadership |
Ken Chia | Head Of Institutional | Leadership |
Zhi Hao Loy | General Counsel | Team |
Dac D. | Backend Team Lead | Team |
Nghia Pham | Blockchain Developer | Team |
Anton Buenavista | Core Contributor | Team |
Yoko Yu Qiu | Permanent | Team |
Complete people profiles for Pendle
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Pendle
3 dated milestones of Pendle across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Pendle is founded.
- Funding First funding round of $3.5M.
- Funding Latest funding round, Series A,.
Competitors of Pendle
Pendle 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 Ripple, Compound, CyberConnect, Axoni and Injective, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ripple.com | 2012 | San Francisco, United States | $352.68M | 554 | Blockchain-based payment network for cross-border transfers is developed. | |
| compound.finance | 2017 | San Francisco, United States | $79.44M | – | P2P lending platform based on the Ethereum blockchain | |
| cyberconnect.me | 2021 | Palo Alto, United States | $25M | – | Web3 social network platform | |
| axoni.com | 2013 | New York, United States | $108.12M | 142 | A blockchain network for capital markets is operated. | |
| injective.com | 2018 | New York, United States | $95.2M | – | Programmable processor architecture is developed for energy-efficient computing. | |
| minepi.com | 2019 | Palo Alto, United States | – | 16 | Provider of blockchain-based platform offering to mine coins | |
| staderlabs.com | 2021 | Singapore | $16.5M | – | Staking solutions for cryptocurrencies are provided via an online platform. | |
| algorand.com | 2017 | Boston, United States | $66M | 20 | Blockchain network platform developed for finance sector applications. |
Detailed competitors of Pendle
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Pendle
The website of Pendle (pendle.finance) receives about 260.8K visits a month and ranks #96,178 among all websites worldwide, #6,017 in Investing.
- Monthly visits260.8K
▼ 28.1% vs previous month
- Unique visitors93.5K
per month
- Global rank#96,178
among all websites
- Category rank#6,017
Finance · Investing
- Bounce rate30%
- Pages per visit6.5
- Average visit5 min 01 sec
- DevicesDesktop 75% · Mobile 25%
Websites whose visitors overlap most with Pendle. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| binance.com | 100% | 48.2M | #741 | View details | |
| bybit.com | 92% | 15.4M | #2,407 | View details | |
| tradingview.com | 92% | 248.1M | #118 | View details | |
| fsinsight.com | 87% | – | #222,152 | View details | |
chainee.io | chainee.io | 87% | – | #665,652 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 16 similar websites and full traffic analytics for Pendle
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 16 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Pendle
Complete news archive for Pendle
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Pendle
10 companies that operate in the same segment as Pendle (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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, France | USD 575.4 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | – | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 973.19 M | – | – | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | – | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 597.81 M | – | – | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | – |
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Frequently Asked Questions about Pendle
Pendle was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Pendle is headquartered in United States.
TN Lee is the current CEO of Pendle. They have also founded this company.
Pendle is a funded company, having raised a total of $3.5M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3.5M, raised on Apr 2021.
Pendle was founded in 2020 and is operated remotely from the United States in the blockchain finance sector. A financial protocol is provided to enable trading of tokenized future yields through an automated market maker system. Support is offered for multiple protocols and assets, allowing yield management on a single platform. All transactions are verified and processed via smart contracts.
Pendle has 16 investors. Key investors include Binance, imToken, HashKey Exchange, CRYPTO, and DeFi Alliance.
The website of Pendle receives about 261 thousand visits a month and ranks #96,178 among all websites worldwide.