7 years ago

Argent Labs Secures $4 Million Seed Funding for Ethereum Wallet Development

  • Argent Labs, a London-based developer of a smart wallet for Ethereum, has raised $4 million in seed funding led by Index Ventures and Creandum

  • The round also included participation from firstminute, Hummingbird, KR1, Proxy, and angel investors

  • Argent's wallet aims to simplify access to Ethereum-based digital currencies and blockchain applications while offering enhanced security and user experience

  • The company plans to use the funds to further develop its app, which is currently available on iOS and Android

      • ProblemTechnology

      "Managing digital currencies like Ethereum is complicated and risky, making it difficult for people to use and adopt blockchain technology. Current wallets are complex, prone to theft, and often involve high transaction fees."

      Solution

      "Argent Labs provides a user-friendly smart wallet for Ethereum that prioritizes security, ease of use, and cost-effectiveness. It protects users from theft with advanced security features, makes it easy to recover lost access, and eliminates transaction fees."

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