About Xend Finance
Xend Finance is a company based in Lagos (Nigeria) founded in 2019. Xend Finance has raised $2 million across 3 funding rounds from investors including HashKey Exchange, NGC and TRG Capital. Xend Finance offers products and services including Mobile App, Asset Chain, AutoYield, and XendBridge. Xend Finance operates in a competitive market with competitors including Paytm, MoneyGram, OPay, Western Union and CarePay, among others.
- Headquarter Lagos, Nigeria
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Sectors
TechnologyFinancial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
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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
$2 M (USD)
in 3 rounds
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Latest Funding Round
$2.23 M (USD), Token Sale
Feb 20, 2021
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Investors
HashKey Exchange
& 6 more
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Employee Count
Not available
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Products & Services of Xend Finance
Xend Finance offers a comprehensive portfolio of products and services, including Mobile App, Asset Chain, AutoYield, and XendBridge.
App for accessing DeFi services and managing assets.
EVM-compatible blockchain for tokenizing real-world assets.
Tool for earning yields up to 15% APY on investments.
Platform for transferring assets across blockchains.
Funding Insights of Xend Finance
Xend Finance has successfully raised a total of $2M across 3 strategic funding rounds. The most recent funding activity was a Token Sale round of $2.23 million completed in February 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 Xend Finance
Xend Finance has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include HashKey Exchange, NGC and TRG Capital.
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Blockchain-based startups are funded by NGC venture capital firm.
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Multiple sectors are invested in by this micro VC fund.
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Blockchain sectors are targeted for investments by AU21 Capital.
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Investor details for Xend Finance
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Investments & Acquisitions by Xend Finance
Investment portfolio details for Xend Finance
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Financial Statements - Xend Finance
Detailed financials for Xend Finance
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Xend Finance Comparisons
Peer comparison for Xend Finance
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Competitors of Xend Finance
Xend 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 Paytm, MoneyGram, OPay, Western Union and CarePay, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Digital payments, financial services, and e-commerce platforms are provided.
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Cross-border payments are enabled via wallet solutions for consumers.
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Wallet-enabled payments are facilitated for consumers and businesses.
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Provider of remittance services
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Provider of a health insurance platform for global insurers
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Detailed competitors of Xend Finance
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Latest news on Xend Finance
Complete news archive for Xend Finance
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Frequently Asked Questions about Xend Finance
Xend Finance was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Xend Finance is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Xend Finance is a funded company, having raised a total of $2M across 3 funding rounds to date.
Xend Finance was founded in 2019 in Lagos, Nigeria, within the decentralized finance sector. A platform is provided for credit unions and cooperatives to manage savings and investments in stable currencies. Staking on DeFi networks is supported, along with earning interest on tokens. Cross-chain blockchain communication is integrated to facilitate operations across networks. The service focuses on secure, accessible financial tools for these institutions.
Xend Finance offers Mobile App, Asset Chain, AutoYield, and XendBridge.
Xend Finance has 7 investors. Key investors include HashKey Exchange, NGC, TRG Capital, Jun Capital Management, and Amplifi Capital.