Smart crypto wallet Giddy raises $6 million

Pelion Venture and Peak Capital have invested in Giddya mobile application from crypto wallet self-guarding that allows easy access to the ecosystem DeFi.

Launched in 2021 by the startup of the same name, Giddy offers the possibility to buy, sell and keep in self-custody crypto-currencies. The wallet also allows access to the ” opportunities “in decentralized finance (DeFi).

Thursday, Giddy announced to have closed a 6.9 million financing round from Pelion Venture, Peak Capital Partners, Clarke Capital and other unnamed investors. The deal brings the total amount of funds raised by the startup since its inception to $15 million.

“With the smart wallet Giddythe private key is split and individual shares are encrypted and stored in multiple user-controlled locations. If a share is lost or compromised, the user’s private key will remain safe since multiple shares are required for recovery,” the company said in a statement.

Giddy will use the new funding to enhance its product available as a mobile app on the Apple Store and Google Play. DeFi services in its portfolio include staking.

From day one, our mission has been to provide fast, safe and easy access to decentralized finance for everyone, regardless of their skills. We believe that blockchain will play a major role in democratizing access to wealth creation and financial freedom,” commented Eric Parker, Giddy’s boss.

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