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.

How many employees does Fordefi have?

As of Sep 30, 2026, the latest employee count at Fordefi is 72.

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.

How much is Fordefi worth?

The last known valuation of Fordefi was $***** as of Nov 25, 2025.

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.

Where does Fordefi rank among its competitors?

Fordefi ranks 4th amongst 168 active competitors, of which 31 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was AlloyX, which secured $100M in Feb, 2026.

Who are the top competitors of Fordefi?

Fordefi's top competitors include Paxos, BTSE and Farcaster. Among them, AlloyX secured the most recent funding round in February, 2026.

Fordefi - 2026 Company Profile, Team, Funding & Competitors

Q: Is Fordefi an acquired company?

Fordefi got acquired by Paxos on Nov 25, 2025.

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, $*****

Last Known Valuation

$***** as on Nov 25, 2025

Investors

Lightspeed Venture Partners & 16 more

Ranked

4^th among 168 active competitors

Employee Count

72 as on Sep 30, 2026

Similar Companies

Paxos & 180 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 $*****.

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	1896840	Seed	8589780	8870073	3927030	5363882
Nov 08, 2022	7805184	Seed	2319140	3140942	Lightspeed Venture Partners	Illuminate Financial & 11 more

Access funding benchmarks and valuations. Sign up today!

View details of Fordefi's funding rounds and investors

The founders of Fordefi is Dima Kogan.

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

Dima Kogan: Co-Founder & Cto of Fordefi.

View details of Fordefi's Founder profiles and Board Members

Fordefi's employee count trend

Fordefi has 72 employees as of Sep 26. Here is Fordefi's employee count trend over the years:

Uncover Fordefi's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Fordefi include Paxos, BTSE and Farcaster. 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	BTSE 2018, San Jose (Costa Rica), Series A	Cryptocurrencies exchange platform	$22M	-	67/100
3rd	Farcaster 2020, Los Angeles (United States), Acquired	Decentralized white-label social platform provider	$180M	Paradigm, Andreessen Horowitz & 29 others	65/100
4th	Fordefi 2021, New York City (United States), Acquired	MPC wallet platform and web3 gateway solution	$28M	PayPal, Electric Capital & 15 others	65/100
5th	ParFin 2019, London (United Kingdom), Series A	Developer of infrastructure for managing digital assets and stablecoins	$31.5M	ParaFi, Framework Ventures & 9 others	57/100
6th	AlloyX 2012, Hong Kong (China), Acquired	Provider of stablecoin payment infrastructure, digital asset custody, and tokenization services	$12M	Hack VC, Thesolomonfoundation & 18 others	56/100
7th	PARAMETA 2016, Seoul (South Korea), Series B	Web3 enabler offering white-label blockchain solutions	$20M	Korea Technology Finance, Shinhan Venture Investment ... & 6 others	55/100
8th	Aquanow 2018, Vancouver (Canada), Unfunded	Provider of infrastructure for institutions to trade, pay, send, and hold crypto	-	-	53/100
9th	Quantoz 2013, Utrecht (Netherlands), Seed	Blockchain-based software tools and applications.	-	Tether, Fabric Ventures & 6 others	49/100
10th	Rudiq 2024, Kidderminster (United Kingdom), Seed	Provider of a platform for tokenizing and managing real-world assets	$1M	Simya, Repie GSYO	48/100