Argent Labs Limited

Argent Labs Limited is a technology company focused on developing a secure digital wallet for decentralized finance (DeFi) and non-fungible tokens (NFTs) on the Starknet blockchain. Founded in 2017 by Gerald Goldstein, Itamar Lesuisse, and Julien Niset, Argent Labs Limited is headquartered in London, UK. The company specializes in digital wallet solutions for the crypto market. In April 2022, Argent raised GBP 29.

53 million in a Series B funding round co-led by Fabric Ventures and Metaplanet Holdings, alongside other investors including Animoca Brands and Jump Capital. The total amount raised by Argent to date is GBP 29. 53 million, valuing the company at GBP 248. 85 million post-money.

The company has completed three funding deals to date. Argent specializes in providing a robust digital wallet primarily designed for decentralized finance (DeFi) and non-fungible tokens (NFTs) on the Starknet blockchain. Its core offering includes a self-custody wallet that allows users to buy, swap, and stake tokens with minimal transaction fees, specifically less than USD 0. 01.

Argent’s wallet features functionalities such as real-time fraud monitoring, two-factor authentication, and a unique approach to self-custody that eliminates the need for seed phrases. The wallet is accessible to a diverse user base, including individual crypto enthusiasts, teams, and developers, who can utilize it for personal transactions or integrate it into their applications, focusing on markets in North America and parts of Europe. Argent generates revenue through transaction fees associated with its wallet services and the Argent Card, a self-custody debit card that allows users to spend cryptocurrency seamlessly while earning cashback rewards. The company operates on a model that combines direct-to-consumer sales with partnerships aimed at enhancing user experience in the DeFi landscape.

Customers can utilize the wallet for managing their crypto portfolios and interacting with decentralized applications (dApps), with fees from token swaps and staking activities, ensuring that users maintain complete control over their assets and transactions. In April 2022, Argent Labs Limited raised GBP 29. 53 million in Series B funding, which will be directed towards product development, expanding the team, and market expansion. The company plans to enhance its product offerings and roll out new features to improve the user experience.

Additionally, Argent is targeting specific regions for expansion, with a focus on increasing its presence in North America and Europe by 2023.