About TrueFi
TrueFi is a company based in San Francisco (United States) founded in 2020 by Rafael Cosman. TrueFi has raised $12.5 million across 1 funding round from investors including BlockTower, Andreessen Horowitz and Alameda Research. TrueFi offers products and services including TrueFi App, TRU Token, and tfUSDC. TrueFi operates in a competitive market with competitors including Airfox, Liquity, Meow, Scallop and hoseki, among others.
- Headquarter San Francisco, United States
- Founders Rafael Cosman
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Sectors
Financial Services
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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
$12.5 M (USD)
in 1 rounds
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Latest Funding Round
$12.5 M (USD), Series B
Aug 07, 2021
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Investors
BlockTower
& 2 more
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Employee Count
Not available
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Products & Services of TrueFi
TrueFi offers a comprehensive portfolio of products and services, including TrueFi App, TRU Token, and tfUSDC.
Application for on-chain credit and lending services in crypto.
Token used for governing the TrueFi protocol and approvals.
Token for transactions within TrueFi's credit infrastructure.
People of TrueFi
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Funding Insights of TrueFi
TrueFi has successfully raised a total of $12.5M through 1 strategic funding round. The most recent funding activity was a Series B round of $12.5 million completed in August 2021. 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 TrueFi
TrueFi has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include BlockTower, Andreessen Horowitz and Alameda Research.
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Cryptocurrency and digital asset investments are managed by the firm.
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Operates a digital hub for cryptocurrency trading and services.
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Investor details for TrueFi
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- Investor locations
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Investments & Acquisitions by TrueFi
Investment portfolio details for TrueFi
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Financial Statements - TrueFi
Detailed financials for TrueFi
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- Profit trends
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Truefi Comparisons
Peer comparison for TrueFi
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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Competitors of TrueFi
TrueFi 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, Scallop and hoseki, among others.
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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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DeFi protocol for lending and borrowing on the Sui blockchain
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Online crypto-focused lending platform for individuals
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Detailed competitors of TrueFi
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Truefi
Complete news archive for TrueFi
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Frequently Asked Questions about TrueFi
TrueFi was founded in 2020 and raised its 1st funding round 1 year after it was founded.
TrueFi is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Rafael Cosman is the current CEO of TrueFi. They have also founded this company.
TrueFi is a funded company, having raised a total of $12.5M across 1 funding round to date.
TrueFi was founded in 2020 in San Francisco, United States, within the decentralized finance sector. Cryptocurrency lending and borrowing are facilitated without collateral, while yields on stablecoin loans are earned by users. Protocol governance is decentralized, and loan originations are managed through community-driven processes. Operations focus on enabling access to capital in the blockchain ecosystem.
TrueFi offers TrueFi App, TRU Token, and tfUSDC.
TrueFi has 3 investors. Key investors include BlockTower, Andreessen Horowitz, and Alameda Research.