#fintechfun Funding Alert 🚨 👇
Sydney based Tiiik has raised $5.2m to accelerate 🏃🏻 product development, go-to-market & launch 🚀in key global markets ✅
Tiiik is the brainchild of experienced fintech leaders Erez Rachamim, Bernardo Bilotta and Daniel Li who founded tiiik following their time at Zip Co, Equitise, and Readiitel. They have brought on board Tim Smith, who headed up Private Banking at Westpac for many years A guru on the blockchain and the muse of Fintech!
What is Tiiik
It’s a Web3 - DEFI product - a digital wallet designed for the modern day. powered by stablecoin enabling customers to spend and earn on the same balance.
It’s a world class solution to help the everyday person make money in a really simple way using blockchain and other smart financial technologies.
Tiiik is an intuitive web and mobile app integrating PayID and blockchain technologies enabling customers to transfer funds directly from and into their bank account, creating a seamless onboarding process.
They have developed interest calculation algorithms that power the on/off ramping of fiat into stablecoins. The more efficient these run in the back-end the better, as they create an improved user experience.
Investors
Tiiik has 16 full-time staff with a whose who investor list including
Global Founders and Fintech collective , DACM, B Digital, Decision Tree Capital, Investible, LedgerPrime, 0x Ventures, Athena Ventures, Double Peak, Valhalla Capital, Parsiq, Gate.io, NxGen and Waterdrip Capital.
Other key investors behind the raise include Alvin Singh and Bosco Tan (co-founders at Pocketbook), Larry Diamond (co-founder at Zip Co), Heslin Kim (co-founder at SupraOracles), Jonty Kelt (founder at Fantail Ventures) and Lucas He (co-founder at OP Crypto).
Global Founders Capital partner Tito Costa and FinTech Collective partner Sean Lippel said the market for serving DeFi enabled yield products to wholesale and retail investors is still nascent across the globe - and Tiiik seems to be on the money
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