PennyWorks is a Hoboken, NJ–based DeFi-based investing platform led by CEO Ivan Zhang. The company offers accredited investors access to digital-asset strategies and launched in April offering products with up to 8% APY, which it says is 114x the national saving average of 0.06%. PennyWorks positions itself as creating a safe and stable DeFi experience and aims to innovate traditional financial products through reliable digital-asset strategies. The firm intends to use new funding to bring the platform to market and to expand platform development, marketing, and operations. The business recently completed a $2M pre-seed round to finance those efforts.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2022