Folks Finance
Majuro
About Folks Finance
Folks is a crosschain DeFi protocol which has solved the issues of liquidity fragmentation by building natively crosschain DeFi lending markets. With Folks xChain, users can deposit on any chain and borrow on any chain. No bridging or wrapping needed. Additionally, Folks is the largest app on Algorand, offering a fully-fledged hub including lending, trading, and liquid staking. Reaching an all-time-high of $400M TVL in November 2024, Folks is one of the fastest-growing DeFi apps in the market.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 11 – 50
- Estimated revenue: $1K – $10K
- Total funding: $6.5M
- Funding stage: Early Stage Venture
- Last round: Grant (Jun 2025)
- Website: folks.finance
- Phone: [email protected]
Industries & Categories
Blockchain, Cryptocurrency, Financial Services, FinTech, Software
Social Profiles
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