Sturdy
Experience high-yield lending and interest-free borrowing powered by innovative decentralized finance rewards.
Experience high-yield lending and interest-free borrowing powered by innovative decentralized finance rewards.
Sturdy is a decentralized lending network that offers high-yield lending and interest-free borrowing options in the crypto, fintech, lending, and investment sectors. Founded in 2020, the company leverages collateral deposited by borrowers in decentralized finance protocols like Yearn, Convex, and Lido to generate staking incentive payments. These rewards are then used to pay interest to depositors, creating a system where users can benefit from zero interest and no borrowing costs. The company recently secured a $3.90M investment in a Seed Round on 16 March 2022, with participation from notable investors including Pantera Capital, Y Combinator, SoftBank, Infinite Capital, Orange DAO, Dialectic, mgnr.io, and KuCoin Ventures. Sturdy's innovative approach to decentralized finance rewards and lending solutions positions it as a noteworthy player in the evolving landscape of fintech and crypto-backed financial services.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Seed Round | $3.90M | 8 |
|
16 Mar 2022 |
| Private Equity Round | Unknown | 1 |
|
22 Jan 2022 |
| Pre Seed Round | $125.00K | 1 |
|
22 Mar 2021 |
No recent news or press coverage available for Sturdy.
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