Ryder, a Singapore-based TapSafe recovery system company, raised $1.2M in funding.
Backers included The round saw participation from Oak Grove Ventures, Muneeb Ali, SBX Capital, Bitcoin Frontier Fund, and others.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Louise Ivan, Ryder provides a TapSafe recovery system, replacing the complicated seed-phrase process with a simple combination of hardware, mobile application and social circle. It brings a self-custody and empowers startups to embed digital assets into everyday life. The company also announced the launch of the Ryder One hardware wallet, introducing a new standard for Web3 self-custody that eliminates the complicated seed phrase process. Ryder’s launch partners included:
- Alchemy Pay: serving as its strategic on-ramp and off-ramp partner
- Polygon Labs: its collaboration will open up a world of possibilities for digital collectibles in real-world applications
- Solana Foundation: Ryder will merge the new era of self-custody with the dynamic capabilities of Solana Pay
- BNB Chain: Ryder will integrate BNB Chain’s Layer 2 opBNB to provide a more simple self-custody option to its 1.2million DAU
- Muneeb Ali, co-founder of Trust Machines
FinSMEs
27/10/2023