NeoFi, a platform that helps retail investors build a diversified long-term portfolio of digital assets in a single click and leverages decentralized finance to earn hassle-free passive yields, has secured $2.1 million in funding from notable investors.
NeoFi will use this funding to complete the development of its ecosystem and launch a suite of products to make investing in digital assets easier and safer for investors — especially retail investors.
NeoFi’s strategic investment was led by industry heavyweights such as Digital Strategies, BlueZilla, Ghaf Capital Partners, GDA Capital, Banter Capital, Magnus Capital, Maven Capital and Contango Digital Assets. Angel investors such as Heslin Kim also participated.
The completion of the round marks an important milestone in NeoFi’s journey, securing funding for product development and setting the stage for its upcoming initial decentralized exchange offering (IDO). NeoFi enjoys broad support from the investment community and crypto heavyweights in particular that see tremendous growth potential for the novel concept of a diversified portfolio as a long-term investment strategy.
NeoFi’s upcoming IDO and token launch is scheduled on March 22, 2022, on the world’s leading launchpads: BSCPad and ZigPad.
What is NeoFi?
The NeoFi platform allows anyone to build a diversified portfolio — or “basket” — of digital assets in a single click that is listed on multiple centralized exchanges and decentralized exchanges (DEXs).
NeoFi baskets are designed to track a theme, idea or strategy. They can be based on:
- An idea such as Web3, launchpads, blue-chip cryptocurrencies and more
- A market theme such as the metaverse, GameFi, nonfungible tokens, decentralized finance (DeFi) and more
- An algorithmic or research-based strategy
- Or mimicking the portfolios of fund managers, experts, venture capital firms and more.
NeoFi allows users to stake their assets in multiple DeFi protocols and earn higher yields without any gas fees through a unified dashboard.
The NeoFi ecosystem is powered by the NeoFi fiat-crypto gateway and is one of the easiest ways to convert fiat currencies to digital assets and is already live with some of the top exchanges such as Huobi Global and Bybit. The NeoFi gateway is also being integrated with other top exchanges and projects.
“NeoFi aims to bring the next billion people to the world of cryptocurrency by making it easier and safer for people to invest. We are working on becoming the market leader for retail crypto investments,” said Abhishek Kumar, co-founder and CEO of NeoFi.