When was Solend founded?

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

Where is Solend located?

Solend is headquartered in Finland.

Is Solend a funded company?

Solend is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on Oct 06, 2021.

When was the latest funding round of Solend?

Solend's latest funding was a $***** Series A round on Oct 06, 2021, with participation from 5 investors.

Where does Solend rank among its competitors?

Solend ranks 15th amongst 60 active competitors, of which 17 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Scallop, which secured $20K in Mar, 2024.

Who are the top competitors of Solend?

Solend's top competitors include Airfox, Scallop and hoseki. Among them, Scallop secured the most recent funding round in March, 2024.

Solend - 2026 Company Profile, Team, Funding & Competitors

Company Details

Website: solend.fi
Social

Key Metrics

Founded Year

2021

Location

Finland

Stage

Series A

Total Funding

$6.5M in 1 round

Latest Funding Round

Series A, Oct 06, 2021, $*****

Investors

Polychain & 4 more

Ranked

15^th among 60 active competitors

Similar Companies

Airfox & 111 more

View Solend's full profile

Solend has raised a total funding of $6.5M over 1 round. Its latest funding round was a Series A round on Oct 06, 2021 for $*****. 5 investors participated in its latest round. Solend has 5 institutional investors.

Here is the list of recent funding rounds of Solend:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 06, 2021	6042327	Series A	3602162	6573520	6043459	2225612

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View details of Solend's funding rounds and investors

The founders of Solend is Rooter 0x.

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

Rooter 0x: Founder of Solend.

View details of Solend's Founder profiles and Board Members

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Top competitors of Solend include Airfox, Scallop and hoseki. Here is the list of Top 10 competitors of Solend, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Airfox 2016, Boston (United States), Acquired	Mobile wallet and lending solutions	$58.2M	Verizon, Project 11 Ventures & 4 others	56/100
2nd	Scallop 2021, Tortola (United Kingdom), Seed	Next-generation decentralized money market and lending protocol built on the Sui blockchain	$3M	CMS Holdings, 6MV & 9 others	51/100
3rd	hoseki 2021, United States, Seed	Online crypto-focused lending platform for individuals	-	Castle Island Ventures, Stillmark & 4 others	45/100
4th	Jet 2021, Brooklyn (United States), Acquired	Decentralized borrowing and lending protocol built on Solana	$6.85M	Robvc, Republic Capital & 9 others	42/100
5th	PocketPK 2020, Lahore (Pakistan), Series A	Decentralized lending protocol for cryptocurrencies	$4M	a41, Delphi Ventures & 12 others	40/100
6th	Atomic.Finance 2019, Toronto (Canada), Series B	Online alternative trading platform for Bitcoin	$2.45M	Initialized Capital, Greylock Partners & 7 others	40/100
7th	TrueFi 2020, San Francisco (United States), Series B	Decentralized lending & borrowing protocol for cryptocurrencies	$12.5M	BlockTower, Andreessen Horowitz & 3 others	40/100
8th	Liquity 2020, Baar (Switzerland), Series A	Decentralized platform for crypto loans	$8.4M	Polychain, Pantera Capital & 20 others	38/100
9th	Minterest 2020, Tallinn (Estonia), Series A	NFT marketplace and lending & borrowing protocol for digital assets	$6.5M	BitScale Capital, KR1 & 18 others	37/100
10th	Meow 2010, Miami Beach (United States), Series A	Business banking	$33.1M	Tiger Global Management, Lux Capital & 11 others	37/100
15th	Solend 2021, Finland, Series A	Provider of investment management services	$6.5M	Polychain, Solana Ventures & 3 others	29/100