4 years ago

Kibo Finance Raises $1.5 Million Seed Funding for Borderless DeFi Options Trading

  • Kibo Finance, a London-based borderless DeFi options trading platform, has secured $1.5 million in seed funding

  • The round was led by Republic, Huobi, Gate.io, Fenbushi, AU21, Genblock, Kenetic, MGNR, GSR, GenBlock, David Garcia of Borderless Capital, Sandeep Nailwal (Co-founder of Polygon), and Mirza Uddin (Co-founder of Injective Protocol)

  • Kibo Finance offers a wide range of underlying assets, including Cryptocurrency, Gold, and Stocks, and is built by a team of quantitative analysts, math professors, and blockchain developers from leading institutions and protocols

  • The company aims to provide a frictionless protocol, fair pricing, and the most rewards of any options trading platform.

      • ProblemFinancial Services

      "Existing decentralised finance options trading platforms have limited flexibility and primarily focus on Bitcoin and Ethereum."

      Solution

      "Kibo Finance offers a borderless DeFi options trading platform that supports a wide range of assets, including cryptocurrencies, gold, and stocks, across multiple blockchains like Ethereum and Polygon."

      Covered on