We’ve raised Pre-Seed!
Every journey begins with a single step. Every blockchain starts with a single block.
Our goal is to make the most easy to use web3 wallet for every day customers, a wallet to improve their financial lives. We are so happy to have found partners that share this vision.
Thanks to Race Capital for leading our $3.1 million Pre-Seed Round, and many thanks to Circle Ventures, Slow Ventures, Kamal Ravikant, and all others who participated in this journey.
From the press release:
Ottr provides a simple and intuitive solution that anyone with a phone can access in U.S. dollars. With Ottr, millions of users around the world can instantly send USDC for free without going through the complicated steps of setting up their self-custody wallet and storing seed phrases.
“I saw first hand the challenges of onboarding new users to crypto wallets. It is just too expensive and complicated,” said Aleksei Zakharov. “No one should have to worry about jumping through multiple hurdles and the anxiety of potentially losing their funds ever again. I truly believe we are building a Venmo-like experience for Crypto.”
More details on the raise here
More highlights from the press:
While wallets like Phantom and MetaMask act as a gateway for users to find other lending or trading apps, Zakharov envisions a super app where users stay inside its walls.
https://www.axios.com/pro/fintech-deals/2022/10/20/former-cash-app-engineer-ottr-3m-defi-wallet
We at Race Capital always look for strong technical founders that truly understand the pain point of their users, with the ability to ship products quickly, and Aleksei is a perfect example of this.
DeFi is by far the most complex and foreign category for new crypto users. Ottr Finance makes the overall experience much easier by removing all the unnecessary complexity of learning new platforms and terminology.
