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Flint

Last updated: Apr 25, 2022

Flint.money is platform providing passive exposure to crypto, which goes beyond just buying & selling coins, opens early access to this unique investment opportunity.

Flint raises $5.1 mn

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Overview

Project industry	Exchanges & Wallets
Product type	App
Founded	India

What is Flint

Flint's 1st offering provides simple diversification to crypto users with returns up to 10% per annum on stable coins.

Flint is backed by a panel of marquee investors like Sequoia Capital India, Coinbase Ventures, GFC, Hashed, IOSG, etc. as part of a total of 11 institutional investors.

Apart from these, Flint is also backed by over 60 notable angel investors from across the globe, across businesses like CRED, Coinbase, Robinhood, FTX, Polygon, Terra, Blocktower Capital, Netflix, etc.

Flint generates returns on stable coins by making use of strategies which only a few crypto-native folks are able to access today.

Flint diversifies the deposited stable coins across various institutional borrowers and de-fi protocols to reduce risks and maximise returns.

The institutional borrowers are carefully chosen by Flint’s risk management team, and lends out the stable coins to them at higher interest rates than 10%.