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Flurry Finance has closed a $3 million funding round.
Flurry Finance Outlines Plans for DeFi Protocol
Flurry Finance, the team behind FLURRY, a DeFi protocol offering yield aggregation, recently closed its latest investment round worth $3 million. Investors include AU21 Capital, GenBlock Capital, Shima Capital, CoinUnited.io, One Block, Soul Capital, and Dutch Crypto Investors. The fresh funds will be used in preparation for its product launch in Q3 2021, as well as its IDO which will take place in the same period.
FLURRY aims to enhance the usability of DeFi products, providing a flexible and user-oriented model to the digital community. As an innovative product that shapes the future of yield farming, FLURRY provides everyone with options to access DeFi opportunities and grow their crypto assets.
An AU21 Capital representative said of the raise:
“With its founding team of seasoned operators who have extensive experience in this space, FLURRY Finance is pioneering the global trend towards yield aggregation. We are proud to back FLURRY Finance and eager to see the next step in their journey. We look forward to supporting the team in its next phase of development as it continues delivering on growth and innovation.”
Mike Ting, CEO of Flurry Finance, added:
“We are humbled to work with world-class partners such as AU21 Capital, GenBlock Capital, Shima Capital, and others. What this shows is not only a great commitment to our company but also to the industry. Our focus now is to scale our protocol while continuing to innovate and pioneer in the DeFi space. We are excited to offer users a more efficient and more convenient solution to yield farming.”
At FLURRY, the team believes that the evolving DeFi space and technology will soon outpace the traditional interest rate model with better and more efficient solutions. Hence, the team aims to introduce the next-generation model of yield farming that is more efficient and convenient for…