When was APX Lending founded?

APX Lending was founded in 2023 and raised its 1st funding round 2 years after it was founded.

Where is APX Lending located?

APX Lending is headquartered in Toronto, Canada. It is registered at 18 King Street East, Toronto.

Who is the current CEO of APX Lending?

Andrei Poliakov of APX Lending. They have also founded 1 company.

How many employees does APX Lending have?

As of Sep 30, 2026, the latest employee count at APX Lending is 6.

Is APX Lending a funded company?

APX Lending is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on Apr 11, 2025.

When was the latest funding round of APX Lending?

APX Lending's latest funding was a $***** Seed round on May 13, 2025, with participation from 2 investors.

Where does APX Lending rank among its competitors?

APX Lending ranks 9th amongst 137 active competitors, of which 38 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Morpho, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of APX Lending?

APX Lending's top competitors include Ledn, Morpho and Euler. Among them, Morpho secured the most recent funding round in July, 2026.

APX Lending - 2026 Company Profile, Team, Funding & Competitors

APX Lending is a seed company based in Toronto (Canada), founded in 2023 by Andrei Poliakov. It operates as a Digital platform offering cryptocurrency loans. APX Lending has raised an undisclosed amount in funding. The company has 137 active competitors, including 38 funded and 1 that has exited. Its top competitors include companies like Ledn, Morpho and Euler.

Company Details

APX Lending is a secure crypto-backed lending platform that provides loans using Bitcoin and Ethereum as collateral. We are the only crypto-backed lender in Canada with CSA exemptive relief, and we operate with full FINTRAC and FinCEN registration. Collateral is held with BitGo in insured, segregated cold-storage wallets, visible on-chain to every borrower. APX does not reinvest or rehypothecate collateral. Our loans feature flexible terms, competitive rates, and simple cost structures with no origination or management fees. APX serves individuals, businesses, OTC desks, and crypto-native firms across Canada and more than 30 US states.

Website: apxlending.com
Social
Email ID: *****@apxlending.com
Registered Address: 18 King Street East, Toronto

Key Metrics

Founded Year

2023

Location

Toronto, Canada

Stage

Seed

Latest Funding Round

Seed, May 13, 2025, $*****

Investors

BIGG Digital Assets & 2 more

Ranked

9^th among 137 active competitors

Employee Count

6 as on Sep 30, 2026

Similar Companies

Ledn & 204 more

View APX Lending's full profile

APX Lending is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
APX Inc. CIN: 14386434 , Canada, Active	Sep 21, 2022	-	-	-

APX Lending has raised funding over 2 rounds. Its first funding round was on Apr 11, 2025. Its latest funding round was a Seed round on May 13, 2025 for $*****. 2 investors participated in its latest round. APX Lending has 3 institutional investors.

Here is the list of recent funding rounds of APX Lending:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 13, 2025	4737523	Seed	7668107	7361931	9285856	9131685
Apr 11, 2025	4985648	Conventional Debt	2990016	9591475	3291789	CHP

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View details of APX Lending's funding rounds and investors

The founders of APX Lending is Andrei Poliakov. Andrei Poliakov is the CEO of APX Lending.

Here are the details of APX Lending's key team members:

Andrei Poliakov: Founder & CEO of APX Lending.
Contact Info: 1 email address

View details of APX Lending's Founder profiles and Board Members

APX Lending's employee count trend

APX Lending has 6 employees as of Sep 26. Here is APX Lending's employee count trend over the years:

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Top competitors of APX Lending include Ledn, Morpho and Euler. Here is the list of Top 10 competitors of APX Lending, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ledn 2018, Toronto (Canada), Series B	Blockchain-based & crypto-backed lending platform	$104M	10T, Kingsway Capital & 26 others	63/100
2nd	Morpho 2021, Paris (France), Series D	A peer-to-peer layer built on top of lending pools such as Compound and Aave	$249M	Ribbit Capital, Pantera Capital & 44 others	60/100
3rd	Euler 2020, London (United Kingdom), Series B	Provider of non-custodial protocols for lending and borrowing crypto assets	$40M	Haun Ventures, Paradigm & 32 others	58/100
4th	Yuanbao 2014, Beijing (China), Series C	Online digital currency as a collateral-based P2P lending platform	$156M	Cathay Capital, Source Code Capital & 5 others	57/100
5th	BankSocial 2021, Wylie (United States), Unfunded	Decentralized P2P platform for crypto personal loans	-	-	53/100
6th	EthicHub 2017, Madrid (Spain), Seed	Provider of blockchain-based P2P crowd lending platform for farm loans	$2.1M	Ship2B, IDB Lab & 3 others	51/100
7th	Term Structure 2022, British Virgin Islands (United Kingdom), Seed	Peer-to-peer fixed-income protocol	$4.25M	Cumberland, HashKey Capital & 3 others	48/100
8th	Gondi 2023, New York City (United States), Seed	Decentralized non-custodial NFT lending protocol	$5.35M	Dragonfly Capital, Pantera Capital & 8 others	48/100
9th	APX Lending 2023, Toronto (Canada), Seed	Digital platform offering cryptocurrency loans	-	BIGG Digital Assets, Funders VC & 1 others	46/100
9th	MetaStreet 2021, Boston (United States), Series A	P2P liquidity platform for NFT collateral	$49.1M	FinTech Collective, OpenSea & 33 others	46/100