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
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Token Sale — $2.2M
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First Round
First Round
(01 Jun 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Token Sale - Xend Finance | Valuation |
investors |
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| Feb, 2021 | Amount | Seed - Xend Finance | Valuation | NGC | |
| Jun, 2020 | Amount | Seed - Xend Finance | Valuation | TRG Capital , Jun Capital Management |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Blockchain-based startups are funded by NGC venture capital firm.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this micro VC fund.
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Founded Year | Domain | Location | |
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Blockchain sectors are targeted for investments by AU21 Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Xend Finance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Xend Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Xend Finance Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital payments, financial services, and e-commerce platforms are provided.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Wallet-enabled payments are facilitated for consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of remittance services
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| domain | founded_year | HQ Location |
Provider of a health insurance platform for global insurers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Xend Finance
Frequently Asked Questions about Xend Finance
When was Xend Finance founded?
Xend Finance was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Xend Finance located?
Xend Finance is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Is Xend Finance a funded company?
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 01, 2020.
What does Xend Finance do?
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.
Who are the top competitors of Xend Finance?
What products or services does Xend Finance offer?
Xend Finance offers Mobile App, Asset Chain, AutoYield, and XendBridge.
Who are Xend Finance's investors?
Xend Finance has 7 investors. Key investors include HashKey Exchange, NGC, TRG Capital, Jun Capital Management, and Amplifi Capital.