About Xend Finance
Xend Finance is a Technology company based in Lagos (Nigeria) founded in 2019. DeFi savings are enabled for credit unions and cooperatives. It operates in the Technology and Financial Services sectors. 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. Its focus areas include FinTech, Cryptocurrencies, Mining and Pool Mining. Its competitors include OPay, Remita and Thank U Cash; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Total Equity Funding$2M (USD)
in 3 rounds
- Latest Funding Round$2.23M (USD), Token Sale
Feb 2021
- InvestorsHashKey Exchange
& 6 more
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.
Apps and channels of Xend Finance
Xend Finance publishes 1 mobile app with over 50K+ downloads; its YouTube channel Xend Finance has 1.04K subscribers and 30 videos.
Videos from Xend Finance
The most watched videos on Xend Finance's YouTube channel, Xend Finance (1.04K subscribers). Click a video to play it here.
More on Xend Finance.
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.
- Total Funding $2M
- Total Rounds 3
- Last Round Token Sale — $2.23M
- First Round $1.5M
(Jun 2020)
- Investors Count 7
All 3 funding rounds of Xend Finance 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 |
|---|---|---|---|---|---|
| Feb 2021 | $2.23M | Token Sale | – | – | – |
| Feb 2021 | $500,000 | Seed | – | NGC | |
| Jun 2020 | $1.5M | Seed | – | TRG Capital, Jun Capital Management | – |
7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blockchain-based startups are funded by NGC venture capital firm. | ngc.fund | Shanghai, China | ||
Multiple sectors are invested in by this micro VC fund. | trgc.io | Amsterdam, Netherlands | ||
Blockchain sectors are targeted for investments by AU21 Capital. | au21.capital | San Francisco, United States | ||
A platform for safe and simple cryptocurrency trading is provided. | 2018 | hashkey.com | Hong Kong, China | |
Specializes in investing and advising top-tier technology companies, focusing on equity and crypto. | 2017 | juncapital.io | Bermuda | |
| amplifi.vc | ||||
YZi Labs is recognized as an investment vehicle for impact. | labs.binance.com |
Investor details for Xend Finance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Xend Finance
1 people are tracked at Xend Finance (1 in leadership).
| Name | Role | Group |
|---|---|---|
Ugochukwu Aronu | CEO | Leadership |
Complete people profiles for Xend Finance
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Xend Finance
3 dated milestones of Xend Finance across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Xend Finance is founded.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Token Sale, of $2.2M.
Competitors of Xend Finance
Xend Finance has 3 listed competitors in our database, 2 of them funded. They include OPay, Remita and Thank U Cash.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| opayweb.com | 2018 | Lagos, Nigeria | $570M | Wallet-enabled payments are facilitated for consumers and businesses. | ||
| remita.net | 2006 | Lagos, Nigeria | An app-based digital wallet providing payment solutions for individuals and businesses. | |||
| thankucash.com | 2018 | Lagos, Nigeria | $5.95M | Reward-based digital wallet for secure consumer payments. |
Detailed competitors of Xend Finance
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Web traffic of Xend Finance
The website of Xend Finance (xend.finance) receives about 2.1K visits a month.
- Monthly visits2.1K
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Related news about 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. The company's 1st funding round was a Seed of $1.5M, raised on Jun 2020.
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's top competitors include OPay, Remita and Thank U Cash.
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.
Yes. Xend Finance publishes Xend Finance -, with over 50,000 downloads.