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Folks Finance

Folks Finance is the leading capital markets protocol for lending and borrowing built and operated on top of the Algorand blockchain.

Folks Finance has raised €5.7M across 2 funding rounds from 20 investors, most recently a Series A round in Nov 2024. Based in Milan, Italy; active in Fintech. Data as of 28 Oct 2026.

Milan, Italyfolks.finance ↗
Fintech
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Total raised
€5.7M
€5,691,999
Funding rounds
2
Investors
20
distinct backers
Active since
2022-01
latest 2024-11

Funding by year

EUR raised per year
Folks Finance — funding by year — interactive chart.
Data table
Folks Finance — funding by year
2022€2.7M
2024€3.0M

Signals

High confidence
Raise-next likelihood54
base rate 44% for Series A
  • ▲ In typical raise window
  • ▼ Low backer re-investment
Exit likelihood7
base rate 11% (2+ rounds)
  • ▼ No recent equity round (debt-only or quiet)

Timing: in window vs cohort gap · momentum flat. Funding-only estimates, not predictions and not investment advice — see signals.

Funding rounds

2 rounds
DateStageAmountInvestors
2024-11-14Series A€3.0MAlgorand,Borderless Capital,Mapleblock Capital,other investors,SOVO VenturesView deal →
2022-01-24Seed€2.7M0x Ventures,Algorand Foundation,Angel Investors,Borderless Capital,Coinbase Ventures,Eterna Capital+10 moreView deal →

Investors

20
0x VenturesAlgorandAlgorand FoundationAngel InvestorsBorderless CapitalCoinbase VenturesEterna CapitalGains Associates and Co.Genesis PartnersJump CryptoMapleblock CapitalMeld VenturesOKX Blockdream Venturesother investorsParaFi CapitalPolymorphic CapitalSOVO VenturesValhalla CapitalYoubi CapitalZBS Capital

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