Solvo, a brand new finance app which gives crypto-interested traders a simplified and extra clear option to entry top quality crypto merchandise, has introduced the launch of its new app and preliminary options.
Solvo’s waitlist went stay this week and the primary iOS clients shall be invited to obtain the app in October. The preliminary app launch will mix risk-adjusted publicity to high quality crypto property with a easy and jargon-free person expertise with the next key merchandise:
● Vaults: A yield producing product, aimed toward traders who wish to take a long-term holding in high-quality cash together with Solana and Cardano, with extra to return. Vaults is designed to generate annual returns of as much as 8% relying on the foreign money chosen.
● Bundles: A product that gives diversified publicity to a basket of top of the range investments in numerous areas of crypto equivalent to Blue-chip initiatives, DeFi, and Metaverse & Gaming. Bundles is for these looking for publicity to a selected a part of the crypto market however don’t know the way to establish or entry them.
At launch, Solvo may also operate as a pockets that helps the shopping for, promoting, deposit and withdrawal of the ten highest high quality crypto-currencies with a easy, intuitive interface.
Based by Ayelen Denovitzer and Shailendra Sason, who each beforehand labored within the crypto group at Revolut, Solvo additionally proclaims that it has raised $3.5 million in a seed funding spherical led by Index Ventures, with participation from CoinFund and FJ Labs. The funding, which was obtained earlier this yr, has allowed Solvo to construct a 10-strong group of business consultants, and construct its product providing.
Commenting on the launch, Ayelen Denovitzer, Co-Founder and CEO of Solvo stated:
“Till now crypto-investing has been complicated, unclear and required extremely specialised data. Solvo is about to vary that. With the backing of world-renowned traders and bringing to bear the deep data of a bunch of consultants, we’re reinventing crypto-investing, simplifying the method and making it extra clear.”
“Investing with Solvo shall be easy, straightforward and comprehensible – three phrases not related to crypto. Solvo is assembly a transparent want for traders at present, providing merchandise which are targeted on top quality property, that present numerous publicity and decreased danger in addition to a horny yield. It’s for all of the traders who wish to use crypto to diversify their investments and wish a simple manner to try this.”
Julia Andre, Companion at Index Ventures added: “We’re delighted to help Solvo of their purpose to convey top quality merchandise, transparency and ease to crypto-investing. Having seen the group in motion at Revolut, we’re excited to see them convey a brand new mind-set to crypto.”
Alex Felix, CIO and Managing Companion at CoinFund additionally talked about: “We’re proud to help Ayelen and Shailendra as they design a brand new expertise for investing in crypto. Secure client adoption is a key problem for the crypto ecosystem and we imagine Solvo can deal with this main ache level.”
Solvo is a EU firm registered in Lithuania compliant with 5AMLD and FIU necessities. The corporate has submitted its Crypto Alternate, in addition to Crypto Custody registrations.