When was Fordefi founded?

Fordefi was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is Fordefi located?

Fordefi is headquartered in New York City, United States.

Who is the current CEO of Fordefi?

Josh Schwartz of Fordefi. They have also founded 1 company.

How many employees does Fordefi have?

As of Jan 31, 2026, the latest employee count at Fordefi is 49.

Is Fordefi a funded company?

Fordefi is a funded company, having raised a total of $28M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 08, 2022.

When was the latest funding round of Fordefi?

Fordefi's latest funding was a $***** Seed round on Feb 13, 2024, with participation from 3 investors. Its primary sector is Cryptocurrencies. In United States, the Cryptocurrencies sector has seen $841M in funding in 2026 to date.

Where does Fordefi rank among its competitors?

Fordefi ranks 5th amongst 122 active competitors, of which 31 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was ParFin, which secured an undisclosed amount in Nov, 2025.

Who are the top competitors of Fordefi?

Fordefi's top competitors include Paxos, Zero Hash and BTSE. Among them, ParFin secured the most recent funding round in November, 2025.

Fordefi - 2026 Company Profile, Team, Funding & Competitors

Q: Is Fordefi an acquired company?

Fordefi got acquired by Paxos on Nov 25, 2025.

Fordefi is an acquired company based in New York City (United States), founded in 2021 by Michael Volfman and Josh Schwartz. It operates as a MPC wallet platform and web3 gateway solution. Fordefi has raised $28M in funding from Lightspeed Venture Partners and Electric Capital. The company has 122 active competitors, including 31 funded and 8 that have exited. Its top competitors include companies like Paxos, Zero Hash and BTSE.

Company Details

MPC wallet platform and web3 gateway solution. It allows institutions to connect to dApps across multiple chains while keeping digital assets secure. The MPC wallet and security platform is designed for decentralized finance. It provides MPC key management, self-service DeFi policy controls, time-of-transaction smart contract insights, transaction simulation, and risk alerts.

Website: fordefi.com
Social

Key Metrics

Founded Year

2021

Location

New York City, United States

Stage

Acquired

Total Funding

$28M in 2 rounds

Latest Funding Round

Seed, Feb 13, 2024, $*****

Investors

Lightspeed Venture Partners & 16 more

Ranked

5^th among 122 active competitors

Employee Count

49 as on Jan 31, 2026

Similar Companies

Paxos & 134 more

Exit Details

Acquired by Paxos (Nov 25, 2025)

View Fordefi's full profile

Fordefi got acquired by Paxos on Nov 25, 2025 at an acquisition amount of $100M.

Click here to take a look at Fordefi's acquisition in detail

Fordefi has raised a total funding of $28M over 2 rounds. Its first funding round was on Nov 08, 2022. Its latest funding round was a Seed round on Feb 13, 2024 for $*****. 3 investors participated in its latest round. Fordefi has 17 institutional investors.

Here is the list of recent funding rounds of Fordefi:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 13, 2024	7112839	Seed	7187661	1450986	4867616	3829230
Nov 08, 2022	7607314	Seed	6539058	3790509	Lightspeed Venture Partners	Illuminate Financial & 11 more

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View details of Fordefi's funding rounds and investors

The founders of Fordefi are Michael Volfman and Josh Schwartz. Josh Schwartz is the CEO of Fordefi.

Here are the details of Fordefi's key team members:

Michael Volfman: Co-founder & VP R&D of Fordefi.
Josh Schwartz: Co-Founder and CEO of Fordefi.

View details of Fordefi's Founder profiles and Board Members

Fordefi's employee count trend

Fordefi has 49 employees as of Jan 26. Here is Fordefi's employee count trend over the years:

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Top competitors of Fordefi include Paxos, Zero Hash and BTSE. Here is the list of Top 10 competitors of Fordefi, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Paxos 2012, New York City (United States), Series D	Provider of blockchain infrastructure and regulated stablecoin solutions for enterprises	$535M	RRE Ventures, Liberty City Ventures & 36 others	78/100
2nd	Zero Hash 2017, Chicago (United States), Series D	Embedded crypto solutions for financial institutions	$286M	Point72 Ventures, Interactive Brokers & 31 others	67/100
3rd	BTSE 2018, Tortola (United Kingdom), Series A	Cryptocurrencies exchange platform	$22M	-	66/100
4th	Farcaster 2020, Los Angeles (United States), Acquired	Decentralized white-label social platform provider	$180M	Paradigm, Andreessen Horowitz & 29 others	65/100
5th	Fordefi 2021, New York City (United States), Acquired	MPC wallet platform and web3 gateway solution	$28M	Illuminate Financial, Nima Capital & 15 others	63/100
6th	ParFin 2019, London (United Kingdom), Series A	Developer of infrastructure for managing digital assets and stablecoins	$31.5M	Framework Ventures, ParaFi & 8 others	57/100
7th	PARAMETA 2016, Seoul (South Korea), Series B	Web3 enabler offering white-label blockchain solutions	$20M	Korea Technology Finance, Shinhan Venture Investment ... & 6 others	53/100
8th	Interstellar 2017, Yaounde (Cameroon), Series A	Blockchain-based infrastructure for digital payments and financial institutions	-	Stellar, MoneyGram & 1 others	50/100
9th	Aquanow 2018, Vancouver (Canada), Unfunded	Provider of infrastructure for institutions to trade, pay, send, and hold crypto	-	-	49/100
10th	Quantoz 2013, Utrecht (Netherlands), Seed	Blockchain-based software tools and applications.	-	Tether, Fabric Ventures & 6 others	49/100