Marginfi - About the company
Marginfi is a seed company based in Solana Beach (United States), founded in 2021 by Edgar Pavlovsky. It operates as a Decentralized margin protocol for trading across Solana. Marginfi has raised $3M in funding from Pantera Capital and Multicoin Capital. The company has 238 active competitors, including 34 funded and 12 that have exited. Its top competitors include companies like Cryptio, Cryptact and KryptoGO.
Company Details
Decentralized margin protocol for trading across Solana. It enables traders to access margin, manage risk, and improve capital efficiency across the entire Solana ecosystem from one unified place. Allows traders to access the benefits of cross-margin by using profits in one protocol to offset losses in another, borrow and lend margin under one global context and more.
- Website
- app.marginfi.com/
Key Metrics
Founded Year
2021
Location
Solana Beach, United States
Stage
Seed
Total Funding
$3M in 1 round
Latest Funding Round
Investors
Ranked
18th among 238 active competitors
Legal entities associated with Marginfi
Marginfi is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MRGN, INC. CIN: 6455880 , United States, Active | Dec 07, 2021 | - | - | - |
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Marginfi's funding and investors
Marginfi has raised a total funding of $3M over 1 round. Its latest funding round was a Seed round on Feb 23, 2022 for $*****. 4 investors participated in its latest round. Marginfi has 4 institutional investors.
Here is the list of recent funding rounds of Marginfi:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 23, 2022 | 2363320 | Seed | 5925635 | 3661027 | 9351812 | 7521954 |
View details of Marginfi's funding rounds and investors
Marginfi's founders and board of directors
Founder? Claim ProfileThe founders of Marginfi is Edgar Pavlovsky.
Here are the details of Marginfi's key team members:
- Edgar Pavlovsky: Founder of Marginfi and founder of 1 other company. They are also an angel investor in 1 startup.Contact Info: 1 email address
View details of Marginfi's Founder profiles and Board Members
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Marginfi's Competitors and alternates
Top competitors of Marginfi include Cryptio, Cryptact and KryptoGO. Here is the list of Top 10 competitors of Marginfi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Cryptio 2017, London (United Kingdom), Series B | Portfolio management platform | $70M | 58/100 | |
2nd | Cryptocurrency portfolio management and tax solutions | $3.84M | 58/100 | ||
3rd | KryptoGO 2019, San Mateo (United States), Seed | Regtech compliance and cryptocurrency management software | $3M | 56/100 | |
4th | Enzyme 2016, Zug (Switzerland), Funding Raised | Decentralised asset management infrastructure built on Ethereum | - | 53/100 | |
5th | Decentralized crypto tax reporting and portfolio management platform | $10M | 52/100 | ||
6th | Pillow Fund 2021, Bengaluru (India), Deadpooled | Online platform for cryptocurrency exchange | $21M | 52/100 | |
7th | Hedgehog 2019, Los Angeles (United States), Seed | Portfolio management solutions for cryptocurrencies | $5.1M | 51/100 | |
8th | Blockfolio 2014, Los Angeles (United States), Acquired | Crypto portfolio manager app | $17.9M | 50/100 | |
9th | Singularity Dao 2020, Dubai (United Arab Emirates), Series C | Portfolio management platform for cryptocurrency | - | 47/100 | |
10th | Midas Protocol 2018, Singapore (Singapore), Funding Raised | Portfolio and asset management platform | - | - | 46/100 |
18th | Marginfi 2021, Solana Beach (United States), Seed | Decentralized margin protocol for trading across Solana | $3M | 42/100 |
Looking for more details on Marginfi's competitors? Click here to see the top ones
Marginfi's Investments and acquisitions
Marginfi has made no investments or acquisitions yet.
Reports related to Marginfi
Here is the latest report on Marginfi's geography:
News related to Marginfi
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Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi PartnershipsGlobeNewswire•Nov 15, 2024•Bybit, RateX, Marginfi
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Management Meltdown Leads To MarginFi Suffering $190 Million OutflowsBiztechafrica•Apr 12, 2024•Marginfi
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Marginfi Leader Resigns On Fiery Day For Major Solana LenderCoin Spectator•Apr 11, 2024•Marginfi, Solana
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FTX, Alameda Alums Raise $17 Million for Crypto Exchange StartupCryptobreaking•Feb 28, 2024•Alameda Research, FTX, Backpack, Placeholder and 20 others
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Marginfi Labs: Raises $3M In Seed FundingFintechinshorts•Mar 14, 2022•mrgn, Pantera Capital, Solana Ventures, Marginfi and 2 others
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