About Scallop
Scallop is a Financial Services company based in Tortola (British Virgin Islands) founded in 2021 by Kris Lai. DeFi protocol for lending and borrowing on the Sui blockchain. Scallop has raised $3 million across 3 funding rounds from investors including KuCoin, Cetus and CMS Holdings. Its chief executive, as recorded, is Kris Lai. Its website scallop.io draws about 59 thousand monthly visits. Its focus areas include FinTech, Cryptocurrencies, Lending and Consumer Loans.
Company details
Scallop was founded in 2021 and is headquartered in Tortola, United Kingdom. As a DeFi protocol within the blockchain sector, operations are centered on the Sui ecosystem. Lending, borrowing, automated market making (AMM), and asset management tools are integrated into a single platform. An SDK is also provided for professional traders to access these functionalities.
- Headquarters Tortola, British Virgin Islands
- Founders Kris Lai
- SectorsFinancial Services
- Website category Finance · Investing
- Email••••••••
- Website scallop.io
- Social LinkedIn X
- Total Equity Funding$3M (USD)
in 3 rounds
- Latest Funding Round$20K (USD), Token Sale
Mar 2024
- InvestorsKuCoin
& 5 more
Funding Insights of Scallop
Scallop has successfully raised a total of $3M across 3 strategic funding rounds. The most recent funding activity was a Token Sale round of $20 thousand completed in March 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 $3M
- Total Rounds 3
- Last Round Token Sale — $20,000
- Investors Count 6
All 3 funding rounds of Scallop 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 |
|---|---|---|---|---|---|
| Mar 2024 | $20,000 | Token Sale | – | – | – |
| Mar 2024 | $3M | Seed | – | CMS Holdings, 6MV | |
| Jan 2024 | Seed | – | Cetus | – |
6 investors in total: 6 institutional.
Investors in Scallop
Scallop has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include KuCoin, Cetus and CMS Holdings.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in blockchain technology startups are made by 6MV. | 6thman.ventures | New York, United States | ||
Blockchain startups are supported by a venture capital-backed startup studio. | blockchainff.com | Singapore, Singapore | ||
Limited information is provided about UOB Venture Management. | uobvm.com.sg | Singapore, Singapore | ||
Manages diversified investment portfolios across multiple asset classes. | 2019 | cmsholdings.io | Memphis, United States | |
Cryptocurrencies are bought, sold, and traded via this exchange platform. | 2017 | kucoin.com | Mahe, Seychelles | |
DEX and liquidity protocol built on Aptos blockchain. | 2022 | cetus.zone |
Investor details for Scallop
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 Scallop
1 people are tracked at Scallop (1 in leadership).
| Name | Role | Group |
|---|---|---|
Kris Lai | Founder & CEO | Leadership |
Complete people profiles for Scallop
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 Scallop
3 dated milestones of Scallop across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Scallop is founded.
- Funding First funding round.
- Funding Latest funding round, Token Sale, of $20K.
Web traffic of Scallop
The website of Scallop (scallop.io) receives about 59.2K visits a month and ranks #634,602 among all websites worldwide, #6,233 in Investing.
- Monthly visits59.2K
▼ 11.9% vs previous month
- Unique visitors21.2K
per month
- Global rank#634,602
among all websites
- Category rank#6,233
Finance · Investing
- Bounce rate52%
- Pages per visit1.4
- Average visit44 sec
- DevicesDesktop 53% · Mobile 47%
Websites whose visitors overlap most with Scallop. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| coinmarketcap.com | 100% | 74.2M | #1,083 | View details | |
suilend.fi | suilend.fi | 99% | #476,189 | – | |
| komodoplatform.com | 57% | 55.6K | #513,657 | View details | |
| freename.io | 57% | 13.5K | #442,772 | View details | |
| sui.io | 57% | 282.8K | #155,952 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Scallop
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Scallop
Complete news archive for Scallop
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.
Frequently Asked Questions about Scallop
Scallop was founded in 2021 and raised its 1st funding round 3 years after it was founded.
Scallop is headquartered in Tortola, British Virgin Islands.
Kris Lai is the CEO of Scallop, as recorded in our data. They have also founded this company.
Scallop is a funded company, having raised a total of $3M across 3 funding rounds to date.
Scallop was founded in 2021 and is headquartered in Tortola, United Kingdom. As a DeFi protocol within the blockchain sector, operations are centered on the Sui ecosystem. Lending, borrowing, automated market making (AMM), and asset management tools are integrated into a single platform. An SDK is also provided for professional traders to access these functionalities.
Scallop has 6 investors. Key investors include KuCoin, Cetus, CMS Holdings, 6MV, and Blockchain Founders Fund.