Berlin-based fintech startup, Unstoppable Finance, has bagged €12.5 million in Series A funding. The financing round was led by Lightspeed Venture Partners (which backed Wheelocity and Stori) and was joined by existing investors Speedinvest, Rockaway Blockchain Fund, Backed, Inflection, Discovery Ventures, Fabric Ventures and newly added Anagram.
Plans to launch DeFi wallet
Unstoppable Finance will use the fresh funds to launch their newly created DeFi wallet Ultimate. This deal follows the €4.5 million seed round it secured in October last year, which let the fintech quickly scale its team to 25 people and develop the iOS version of their DeFi wallet Ultimate.
“We are proud and excited to attract such prominent investors, especially during this tough market environment. With this funding, we’ll pursue our mission to bring DeFi to retail investors around the world with our app Ultimate. We’d like to thank both our old and new investors for their vote of confidence and trust in both our product and our mission.” said Co-founder and CEO Maximilian von Wallenberg-Pachaly.
“From our first conversations with the Unstoppable Finance founders, we recognised a strong team with a big vision. Max, Peter and Omid have an impressive track record of building great FinTech and Crypto products and we are very confident that they’ll build the missing conduit between the DeFi world and retail investors.” said Banafsheh “B” Fathieh, Founding Partner at Lightspeed Faction and Advisor at Lightspeed Venture Partners.
Brings DeFi to customers
Unstoppable Finance was founded by Max von Wallenberg-Pachaly, Peter Grosskopf, and Omid Aladini in 2021 in Berlin with the mission to bring DeFi to customers. It builds the ultimate DeFi investment app and web3 co-pilot.
Its self-custody wallet called Ultimate is a mobile app offering access to a curated set of DeFi protocols, which are natively integrated to provide a seamless mobile investing and trading experience. The wallet was announced in early July and quickly garnered interest from over 300k beta users worldwide who joined the waitlist.
Notably, Ultimate is the first product developed and launched by Unstoppable Finance. It is a multi-chain, fully non-custodial wallet that makes the emerging world of decentralised financial services truly accessible to the masses. Ultimate will launch in private Beta in the coming days, with the public launch planned for later this year. Initially, it will be launched on iOS and the Android release will follow suit.