When was Polynomial founded?

Polynomial was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Polynomial located?

Polynomial is headquartered in Pune, India.

How many employees does Polynomial have?

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

Is Polynomial a funded company?

Polynomial is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Oct 20, 2021.

When was the latest funding round of Polynomial?

Polynomial's latest funding was a $***** Seed round on Oct 20, 2021, with participation from 3 investors. Its primary sector is Cryptocurrencies. Globally, the Cryptocurrencies sector has seen $6.41B in funding in 2026 to date.

Where does Polynomial rank among its competitors?

Polynomial ranks 10th amongst 24 active competitors, of which 11 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Derive, which secured an undisclosed amount in Feb, 2026.

Who are the top competitors of Polynomial?

Polynomial's top competitors include Chainge, RYSK and Etrading Software. Among them, Derive secured the most recent funding round in February, 2026.

Polynomial - 2026 Company Profile, Team, Funding & Competitors

Polynomial is a seed company based in Pune (India), founded in 2021 by Mubaris NK and Salman Naseer. It operates as an Online platform offering DeFi platforms to enable trading in crypto futures and options. Polynomial has raised $1.1M in funding from Archetype. The company has 24 active competitors, including 11 that are funded. Its top competitors include companies like Chainge, RYSK and Etrading Software.

Company Details

Online platform offering DeFi platforms to enable trading in crypto futures and options. The platform offers users on-chain prices using the option aggregator. It offers users the ability to earn yield in a sustainable way or hedge against divergent loss using various options strategies.

Website: polynomial.fi
Social
Email ID: *****@polynomial.fi

Key Metrics

Founded Year

2021

Location

Pune, India

Stage

Seed

Total Funding

$1.1M in 1 round

Latest Funding Round

Seed, Oct 20, 2021, $*****

Investors

Archetype & 2 more

Ranked

10^th among 24 active competitors

Employee Count

6 as on Sep 30, 2026

Similar Companies

Chainge & 26 more

View Polynomial's full profile

Polynomial has raised a total funding of $1.1M over 1 round. Its latest funding round was a Seed round on Oct 20, 2021 for $*****. 3 investors participated in its latest round. Polynomial has 3 institutional investors.

Here is the list of recent funding rounds of Polynomial:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 20, 2021	4104321	Seed	1354456	1062142	3625524	7724222

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View details of Polynomial's funding rounds and investors

The founders of Polynomial are Mubaris NK and Salman Naseer.

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

Mubaris NK: Co-Founder of Polynomial.
Contact Info: 1 email address
Salman Naseer: Co-Founder of Polynomial.
Contact Info: 1 email address

View details of Polynomial's Founder profiles and Board Members

Polynomial's employee count trend

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

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Top competitors of Polynomial include Chainge, RYSK and Etrading Software. Here is the list of Top 10 competitors of Polynomial, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Chainge 2020, Jinzhong (China), Series B	App-based platform for trading in cryptocurrency	$13M	Gem Dgital, Alpha Token Capital	46/100
2nd	RYSK 2021, London (United Kingdom), Seed	Platform providing products that will produce yield in all market conditions	$1.4M	Lemniscap, Ascensive Assets & 3 others	45/100
3rd	Etrading Software 2005, London (United Kingdom), Late Stage	Provider of financial services for investment industries	-	LDC	46/100
4th	Forward 2021, Bangkok (Thailand), Seed	Decentralized platform for derivatives exchange, built on EVM-based chains	$5M	Beacon VC, Varys Capital & 4 others	41/100
5th	Thetanuts Finance 2021, Panama City (United States), Seed	Online platform offering cryptocurrency option strategies	$35M	Three Arrows Capital, Polychain & 7 others	39/100
6th	Synquote 2021, San Francisco (United States), Seed	Decentralized platform for crypto options markets	$2.8M	Initialized Capital, CMT Digital & 3 others	39/100
7th	Derive 2021, George Town (Cayman Islands), Seed	Provider of onchain institutional-grade trading for crypto options and futures	-	Variant Fund	35/100
8th	Clear 2021, United States, Seed	Decentralized platform to create options, notes, perpetual futures, and NFT derivatives	$2.5M	Huobi, Foresight Group & 17 others	34/100
9th	Smilee 2022, Weymouth (United Kingdom), Seed	Decentralized options protocol for volatility trading	$2M	Dewhales, Owl Ventures & 8 others	33/100
10th	Polynomial 2021, Pune (India), Seed	Online platform offering DeFi platforms to enable trading in crypto futures and options	$1.1M	Genblock Capital, Archetype & 1 others	33/100