Unstoppable Finance raises $12.8M for DeFi

Rockaway Blockchain Fund and Fabric Ventures joined Lightspeed Venture Partners in the round.

Germany's Unstoppable Finance has received $12.5 million to create its DeFi wallet "Ultimate."

Rockaway Blockchain Fund and Fabric Ventures joined Lightspeed Venture Partners in the round. Series A follows 4.5 million euro seed round in October.

Ultimate is a self-custody wallet mobile app that supports DeFi protocols for quick investment and trading. DeFi is finance on a blockchain without third parties.

Unstoppable seeks to simplify DeFi for a mainstream audience. Users can use the Orca exchange for trading, Lido Finance for liquid staking, and Friktion Finance for better yields.

"Today's DeFi consumers struggle to discern which protocols meet their risk profile," CEO Maximilian von Wallenberg-Pachaly told CoinDesk.

Banafsheh Fathieh, a Lightspeed Ventures advisor, said Ultimate will connect DeFi and individual investors.

The software will launch in private beta in the next days and for iOS in a few months. Unstoppable Finance promises an Android version. 300,000 people have pre-registered for the app.

"Today's DeFi consumers struggle to discern which protocols meet their risk profile," CEO Maximilian von Wallenberg-Pachaly told CoinDesk.
Banafsheh Fathieh, a Lightspeed Ventures advisor, said Ultimate will connect DeFi and individual investors.

The software will launch in private beta in the next days and for iOS in a few months. Unstoppable Finance promises an Android version. 300,000 people have pre-registered for the app.