HybridFi Inc.
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HybridFi Inc. - overview
Established
2021
Location
Hoboken, NJ, US
Primary Industry
Financial Services
About
Based in New Jersey, US, and founded in 2021 by CEO Ivan Zhang, and Karol Przybytkowski, HybridFi Inc. , d. b. a.
PennyWorks provides a financial platform built on DeFi-based technology to offer a secure and reliable investment environment to businesses and investors for earning more return on their investments with no lockup period. In June 2022, HybridFi Inc. raised USD 2 million in venture funding led by Hi2 Investment Management, with participation from individual investors. The company provides a DeFi-based platform that allows accredited investors to invest in opportunities with up to 8% APY (annual percentage yield).
The platform allows lending specific stablecoins pegged to the US dollar, which can be collateralized against loans, creating a minimum risk environment. PennyWorks plans to use its proceeds from June 2022 funding to increase platform development, operations, and marketing initiatives as well as to launch the platform.
Current Investors
Hi2 Investment Management
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.pennyworks.com
Verticals
Blockchain, FinTech
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
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