The startup offers a blockchain platform that enables users to create a diversified portfolio of digital assets with a single click, integrating listings from both centralized and decentralized exchanges. This solution facilitates effective hedging strategies for investors navigating the volatility of cryptocurrency markets.
Funding
$2.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Investing in cryptocurrencies can be complex and risky, requiring users to navigate multiple exchanges and manage diverse digital assets. Many investors lack the tools and expertise to effectively diversify their portfolios and hedge against market volatility.
Solution
NeoFi provides a platform designed to simplify cryptocurrency investment, offering users tools to build and manage diversified portfolios with ease. The platform integrates listings from both centralized and decentralized exchanges, enabling users to invest in a wide range of digital assets from a single interface. NeoFi's "Crypto Baskets" allow users to invest in systematically diversified assets with a single click, reducing risk and optimizing performance. Additionally, NeoFi offers a fiat on/off ramp, facilitating seamless conversion between cryptocurrencies and fiat currencies.
Target Audience
NeoFi targets both new and experienced cryptocurrency investors in India seeking a simplified and secure platform to invest, trade, and manage their digital assets. The platform also caters to Web3 platforms looking to integrate a fiat-crypto gateway for their users.
Features
- Access to 100+ cryptocurrencies for buying and selling.
- "Crypto Baskets" for one-click investment in diversified assets based on risk profile and return goals.
- Fiat on/off ramp for easy conversion between fiat and cryptocurrencies.
- Aggregated liquidity from multiple exchanges to ensure the best buy and sell rates.
- Support for local payment methods, including UPI and bank transfers.
- Multi-sig wallets, 2FA, and layered checks for security.
- Referral program to earn cryptocurrency rewards.