Lightspeed Venture Partners has spearheaded a €12.5 million Series A investment round for DeFi wallet startup Unstoppable Finance.
The 12.5 million euro start-up investors included Speedinvest, Rockaway Blockchain Fund, Backed VC, Inflection, Discovery Ventures, Fabric Ventures and Anagram.
Unstoppable Finance Will Open to Ethereum
Berlin-based startup Unstoppable Finance has received an initial round of 12.5 million euros ($12.8 million) led by Lightspeed Venture Partners, putting the crypto wallet initiative in motion.
Unstoppable was founded by Peter Grosskopf, founder of SolarisBank, former Soundcloud engineer Omid Aladini, and Maximilian von Wallenberg-Pachaly, former CEO of the digital assets arm of Börse Stuttgart, Germany’s second largest stock exchange.
Unstoppable’s Ultimate wallet aims to leverage the slick user experience seen in fintech apps to attract crypto-savvy retail investors. The team behind it believes that a more user-friendly experience will attract the masses compared to crypto-native offerings like MetaMask and Phantom.
The company is studying not only the protocols that yield returns, but also the decentralized exchanges it uses to exchange tokens. According to the founders of Unstoppable, existing services require users to manually connect to the protocols they want to access, while the protocols can be accessed directly from within the app.
Von Wallenberg-Pachaly, co-founder of Unstoppable, said in an interview with The Block:
“What we’re doing is deeply integrating DeFi protocols into the mobile front-end experience. There is no other wallet that does this.”
While Unstoppable initially launches on the Solana blockchain as an iOS app on European soil, it plans to implement Ethereum compatibility with an Android version later this year.
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