Plutus
19 Heathmans Road, 2nd Floor, London, SW6 4TJ, United Kingdom
Overview
Plutus (https://plutus.it) combines the ease of modern banking with access to crypto currencies. The finance app consists of a UK account or a European IBAN to manage fiat & crypto in a non-custodial wallet. It includes a decentralised exchange to swap between both asset types, and a rewarding Visa Debit Card. Every time a user spends with their Plutus Card, they earn 3% back in crypto (PLU), staking PLU unlocks additional rewards (up to 15%) at selected household brand names. Plutus prides itself in being one of the original decentralised finance concepts. Founded in 2015 by serial entrepreneur, Danial Daychopan, Plutus is now used by tens of thousands of users across Europe.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Bitcoin
- Cryptocurrency
- Debit Cards
- Ethereum
- Financial Exchanges
- Financial Services
- FinTech
- Payments
Investment portfolio
- MCDEX
Participated · Equity · May 2021
McDex operates a decentralized perpetual contract trading platform and has developed V3 of its protocol. V3 is currently on the Arbitrum Beta Net and is scheduled to be deployed to the Arbitrum Mainnet on May 28. The company closed a $7 million funding round whose proceeds will be deposited into the McDex DAO vault. Funds from the round will be used primarily to provide liquidity after the V3 mainnet launch. McDex has fully integrated the Farcaster protocol. The V3 release will be made available to users after deployment.