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Alice Raises $2 Million Seed Round to Offer a User-Friendly Mobile Application For DeFi
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Alice Software raises a $2 million seed round to build a front-end financial application sourced from Terra’s growing DeFi ecosystem.
DeFi is here to stay, and we’re excited to make it far less intimidating for everyday users LOS ANGELES (PRWEB) May 13, 2021
Alice, a mobile Decentralized Finance (DeFi) application, has announced a $2 million seed round fundraise led by Arrington Capital, Co-Founder and CEO of Terraform Labs Do Kwon, Mechanism Capital, and Accomplice Blockchain. Alice will build a front-end financial application deriving fast payments and offering access to high-yield from DeFi supplying it to mainstream users with a user-friendly interface.
Mobile DeFi Application Alice Raises $2 Million Through Seed Investment Round
May 13, 2021 @ 4:01 pm By Samantha Hurst
Alice, a mobile Decentralized Finance (DeFi) application, announced on Thursday it raised $2 million through its latest seed funding round, which was led by Arrington Capital. Alice is reportedly powered by Terra, the Proof-of-Stake blockchain network built on the Cosmos SDK that deploys a suite of algorithmic, fiat-pegged stablecoins underscoring a blossoming DeFi ecosystem.
“Alice’s users can easily tap into the rapid settlement of Terra’s UST stablecoin, one of the fastest-growing in crypto by market cap, offering a seamless payment experience akin to the popular Chai Pay app (also built on Terra) that has accumulated more than 2 million active users in South Korea using Terra’s KRT stablecoin.”