Solana-based Slope Finance raises $8 million in latest round

Solana-based non-custodial crypto wallet Slope Finance announced Wednesday that it has raised $8 million in its Series A funding round.

As per Coindesk’s report, the round was co-led by Solana Ventures and Jump Crypto, with Sequoia China, Genesis Trading, VMS, Spark Digital, Circle Ventures, and Huobi also participating.

Launched in September last year, Slope Finance offers a cross-platform wallet with support for various Solana-based tokens (SPL) and NFTs. The wallet also facilitates several functions, including token swaps, visualized NFT management, DeFi management, and more. With the funds raised, the protocol plans to hire more personnel in the US and expand its user base.

“Slope is building the mobile gateway for Solana ecosystem that offers a comprehensive mobile-first experience to all DeFi and NFT primitives. We are excited to support Slope in their ambition to onboard millions of mainstream crypto users,” said Saurabh Sharma, Partner at Jump Crypto, in the press release.

Solana Ventures also led the Series A round for cash stream protocol Zebec on February 22. The startup had raised $15 million from Lightspeed Venture Partners, Circle, Coinbase, Alameda Research, and Distributed Global.

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