Parallel Finance
Built for what comes next
San Francisco, United States · Founded 2021
- Headquarters
- San Francisco, California
- Employees
- 51–200
- Founded
- 2021
- Business Model
- B2C
- Website
- parallel.fi
- Last Round
- Series AAug 2021
- Rounds
- 2
About
Parallel Finance is a decentralized finance platform built on the Polkadot blockchain ecosystem, offering lending, borrowing, and staking services. The protocol enables users to simultaneously earn staking rewards while using staked assets as collateral to borrow other assets, maximizing capital efficiency in the DeFi space. Parallel Finance operates from San Francisco with a globally distributed team.
Summary
Parallel Finance is a Crypto & Web3 company based in San Francisco, United States, founded in 2021. Its most recent funding was a Series A round in Aug 2021. Investors include Polychain Capital, Pantera Capital and Lightspeed VP.
Tech & App Stack
2 technologies & apps tracked
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Funding History
Aug 2021
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Full funding history, per-round amounts, and investor participation.
Investors
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