Unstoppable Finance GmbH

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Unstoppable Finance GmbH - overview

Established

2021

Location

Berlin, -, Germany

Primary Industry

Software

About

Unstoppable Finance GmbH is a Berlin-based company providing a self-custody crypto wallet that enables users to securely buy and sell digital tokens and NFTs across major blockchain platforms such as Solana, Ethereum, and Bitcoin. Founded in 2021 in Berlin, Germany, Unstoppable Finance GmbH specializes in developing cryptocurrency management solutions. The company has completed two funding deals, with the most recent on August 19, 2022, raising EUR 12. 5 million in a Series A round led by Lightspeed Venture Partners and other participating investors.


Maximilian von Wallenberg Pachaly, who has a background in technology and finance, serves as the CEO and has co-founded the company with Omid Aladini and Peter Grosskopf. Ultimate offers a robust self-custody crypto wallet designed for users to buy and sell digital tokens and non-fungible tokens (NFTs) on prominent blockchain platforms, including Solana, Ethereum, and Bitcoin. The wallet's primary function enables users to maintain control over their digital assets, ensuring privacy and security in transactions. Ultimate's target audience includes individual investors and collectors in the cryptocurrency space, along with businesses looking to integrate blockchain technology into their operations.


The wallet is particularly aimed at users in North America, Europe, and parts of Asia, where there is a growing demand for secure and efficient cryptocurrency management solutions. By providing a user-friendly interface and advanced security features, Ultimate addresses the needs of both novice and experienced users seeking to navigate the complex landscape of digital assets. Revenue generation for Ultimate is primarily driven by transaction fees associated with the buying and selling of tokens and NFTs within the wallet ecosystem. Each transaction processed through the wallet incurs a fee, which contributes to the company’s income stream.


Users engage with the platform directly, allowing for a business-to-consumer (B2C) transaction structure that facilitates seamless exchanges of digital assets. While specific pricing plans are not disclosed, the transaction fees are tiered based on the volume and type of digital asset involved. Flagship offerings include the Ultimate wallet itself, which serves as the cornerstone of the company's revenue model, reflecting their commitment to providing a secure and efficient platform for cryptocurrency transactions. In August 2022, Unstoppable Finance GmbH raised EUR 12.


5 million in Series A funding to support the release of its decentralized finance product. The company plans to expand its wallet capabilities by launching advanced features targeted at enhancing user security and transaction efficiency. Upcoming plans include entering new markets in Asia and South America by the end of 2023, leveraging the recent funding to enhance product development and market penetration.


Current Investors

Inflection Capital Partners, Speedinvest, Backed VC

Primary Industry

Software

Sub Industries

e-Financial, Accounting/Finance Software

Website

www.ultimate.money

Verticals

Blockchain, FinTech, Mobile Apps

Company Stage

Series A

Total Amount Raised

Subscriber access only

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.