Pendle - About the company
Pendle is a series A company based in Remote (United States), founded in 2020 by Vu Nguyen and TN Lee. It operates as a Provider of blockchain-enabled financial protocol for trading tokens. Pendle has raised $3.5M in funding from Spartan Group and Mechanism Capital. The company has 935 active competitors, including 235 funded and 22 that have exited. Its top competitors include companies like Ripple, Terra and Compound.
Company Details
Provider of blockchain-enabled financial protocol for trading tokens. It enables the trading of tokenized future yield on an AMM system. It supports multiple protocols and assets for the management of yield on a single platform. Transactions are verified & handled by smart contracts.
- Website
- www.pendle.finance/
- Social
Key Metrics
Founded Year
2020
Location
Remote, United States
Stage
Series A
Total Funding
$3.5M in 4 rounds
Latest Funding Round
Investors
Ranked
48th among 935 active competitors
Employee Count
36 as on Mar 31, 2026
Investment & Acquisitions
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Pendle's funding and investors
Pendle has raised a total funding of $3.5M over 4 rounds. Its first funding round was on Apr 16, 2021. Its latest funding round was a Series A round on Nov 10, 2023 for $*****. 1 investor participated in its latest round. Pendle has 21 institutional investors.
Here is the list of recent funding rounds of Pendle:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 10, 2023 | 3376354 | Series A | 1312075 | 9663538 | 4024561 | 7411506 |
Aug 23, 2023 | 4504190 | Series A | 6488659 | 3647298 | 4083118 | |
Apr 28, 2021 | 1538020 | ICO | 9850625 | 9619341 | 4470002 | 8108196 |
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Pendle's founders and board of directors
Founder? Claim ProfileHere are the details of Pendle's key team members:
- Vu Nguyen: Co-Founder & CTO of Pendle. Contact Info: 1 email address
- TN Lee: Co-Founder & CEO of Pendle. Contact Info: 1 email address
View details of Pendle's Founder profiles and Board Members
Pendle's employee count trend
Pendle has 36 employees as of Mar 26. Here is Pendle's employee count trend over the years:
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Pendle's Competitors and alternates
Top competitors of Pendle include Ripple, Terra and Compound. Here is the list of Top 10 competitors of Pendle, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Ripple 2012, San Francisco (United States), Series D | Provider of blockchain and digital asset solutions for financial institutions | $853M | 81/100 | |
2nd | Blockchain network for payments | $125M | 75/100 | ||
3rd |  Compound 2017, San Francisco (United States), Series B | P2P lending platform based on the Ethereum blockchain | $79.4M | 71/100 | |
4th | Injective 2018, New York City (United States), Series A | Programmable processor architecture for computers | $52.6M | 70/100 | |
5th | Online platform for the staking solution | $165M | 69/100 | ||
6th |  Pi Network 2019, Palo Alto (United States), Seed | Provider of blockchain-based platform offering to mine coins | - | 68/100 | |
7th |  Mina 2018, San Francisco (United States), Series A | Decentralized platform offering blockchain infrastructure solutions | $19.5M | 66/100 | |
8th | Blockchain-based explorer and wallets for cryptocurrencies | - | 65/100 | ||
9th |  ether.fi 2022, George Town (Cayman Islands), Series A | Liquid staking protocol | $32.3M | 66/100 | |
10th | Nibiru Chain 2022, Palo Alto (United States), Series A | Proof-of-stake blockchain & an open-source platform | $20.5M | 64/100 | |
48th |  Pendle 2020, Remote (United States), Series A | Provider of blockchain-enabled financial protocol for trading tokens | $3.5M | 52/100 |
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Pendle's Investments and acquisitions
Pendle has a total of 1 investment in Curvance. Pendle has not made any acquisitions as of now.Reports related to Pendle
Here is the latest report on Pendle's sector:
News related to Pendle
Filter this listMedia has covered Pendle for a total of 8 events in the last 1 year, 7 of them have been about company updates and 1 about partnerships.
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Pendle joins Vietnam IFC delegation alongside BlackRock, Morgan Stanley, and Deutsche BankThe Daily Hodl•Mar 31, 2026•Pendle
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Pendle Settles $69.8B in Yield, Bridging $140T Fixed Income Market to CryptoThe Daily Hodl•Oct 21, 2025•Pendle
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Pendle Introduces Boros Platform for Trading Bitcoin, Ether Funding RatesCoinDesk•Aug 06, 2025•Pendle
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Unstoppable Domains and Pendle Launch .pendle Web3 TLDGlobeNewswire•Apr 29, 2025•Unstoppable Domains, Pendle
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Zircuit Raises Mainnet Funding Round With Participation From Binance Labs, Mirana Ventures, And OthersCryptos Newss•Jul 22, 2024•Zircuit, Binance Labs, Mirana, Amber Group and 17 others
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