About Scallop
Scallop is a company based in Tortola (British Virgin Islands) founded in 2021 by Kris Lai. Scallop has raised $3 million across 3 funding rounds from investors including KuCoin, Cetus and CMS Holdings. Scallop operates in a competitive market with competitors including Airfox, Liquity, Meow, hoseki and TrueFi, among others.
- Headquarter Tortola, British Virgin Islands
- Founders Kris Lai
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$3 M (USD)
in 3 rounds
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Latest Funding Round
$20 K (USD), Token Sale
Mar 08, 2024
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Investors
KuCoin
& 5 more
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Employee Count
Not available
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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.
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.
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Investments in blockchain technology startups are made by 6MV.
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Blockchain startups are supported by a venture capital-backed startup studio.
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Limited information is provided about UOB Venture Management.
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Investor details for Scallop
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Investments & Acquisitions by Scallop
Investment portfolio details for Scallop
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Financial Statements - Scallop
Detailed financials for Scallop
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Scallop Comparisons
Peer comparison for Scallop
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Competitors of Scallop
Scallop 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 Airfox, Liquity, Meow, hoseki and TrueFi, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Blockchain-based mobile wallet for recharges and loans is offered.
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Decentralized interest-free loans against Ether are offered in stablecoins.
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High-interest business banking services are provided to companies.
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Online crypto-focused lending platform for individuals
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A decentralized protocol for cryptocurrency lending and borrowing is operated.
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Detailed competitors of Scallop
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Scallop
Complete news archive for Scallop
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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 current CEO of Scallop. 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.