ether.fi Revenue, Valuation, Funding & Investors

Thetanuts Finance is a DeFi protocol offering structured products and customizable vaults for yield generation on volatile assets. It provides treasury management solutions for DAOs and retail traders, simplifying options trading through automated strategies that monetize volatility with risk controls. Built on Ethereum, the platform supports token deposits for optimized returns via covered calls and other derivatives.

Rhino Bitcoin Inc is a Nevada corporation and Bitcoin financial services company focused on making everyday banking and financial management accessible. It integrates traditional banking functions within a secure, user-friendly platform centered on Bitcoin and maintains an active Bitcoin treasury strategy. The Company offers account funding and withdrawal in USD and Bitcoin, Bitcoin trading, custody services, remittances, discounted gift card purchasing, retirement accounts, Bitcoin collateralized loans, bill payments, and direct deposit. Its primary revenue comes from trading activities earning a spread on client exchanges between Bitcoin and U.S. dollars, and it operates in the United States, Malaysia, and Hong Kong.

Progcap is a New Delhi-headquartered fintech providing collateral-free working capital to micro and small retailers in semi-urban and rural India. Founded in 2017, the platform underwrites loans using alternative data from supply chains and e-commerce, disbursing funds within 24 hours up to ₹20 lakhs. Progcap supports over 50,000 businesses with invoice financing and inventory credit across 15 states.

Waves Platform is a Singapore-headquartered blockchain network launched in 2016 that enables token issuance, decentralized exchanges, and smart contracts through its WAVES native token. The platform supports custom asset creation without coding via its visual token builder and hosts the Waves DEX for trading over 100 tokens. It powers DeFi applications like Gravity Protocol and Neutrino stablecoin, with nodes operating globally.

Zora operates an Ethereum-based protocol and marketplace for minting and trading non-fungible tokens representing digital art, music, videos, and collectibles. Creators set programmable royalties on secondary sales, while collectors access auctions, fixed-price listings, and collaborative ownership models. The platform integrates with major wallets and supports gasless minting through ZORA token. Zora powers NFT drops for artists like Tezos and music labels such as UnitedMasters. Headquartered in Los Angeles, California, the company launched its protocol in 2021 after initial development in 2020.

Ledn is a financial services provider building products for digital asset savings and lending. The Toronto-headquartered firm offers bitcoin-backed loans allowing dollar access without selling holdings, B2X loans to increase bitcoin exposure, and interest-bearing savings accounts for bitcoin and USDC. Founded in 2018, Ledn emphasizes transparent, collateralized finance at ledn.io.

PT Indokripto Koin Semesta Tbk is a holding company that invests in Subsidiaries engaged in the Futures Exchange and Crypto Asset Exchange. In addition, the Company also provides management consulting services to Subsidiaries such as business planning, business and investment strategies, company operational management and corporate financial consulting.

eGuarantee Inc provides services to undertake credit risks that arise in the various business transaction. The company's services include Guarantee services against sales credit, Guarantee services against contractor credit, Guarantee services by debtor's trust, and Guarantee services against a variety of credit.

Minterest is an Ethereum-based decentralized lending protocol establishing interest rate markets for ERC-20 tokens, where protocol-captured fees from loans, flash loans, and liquidations fund automated buybacks of the MNT governance token for user distributions and sustained DeFi yields.

Singapore-headquartered InfStones provides blockchain-as-a-service through its universal platform that manages thousands of nodes across more than 50 public blockchains including Ethereum and Polkadot. The company delivers high-performance infrastructure to institutional clients worldwide such as exchanges and DeFi protocols. Founded in 2018, InfStones maintains offices in Singapore, the United States, and other locations spanning two continents to support global operations.

Velocity Financial Inc is a United States-based real estate finance company. The company originates and manages investor loans secured by residential rental and small commercial properties. The company earns revenue in the form of interest income. It operates in New York, California, Florida, New Jersey, and other states.

Billie is a Berlin-based fintech company founded in 2016 that offers invoice financing and pay-after-delivery options for small and medium enterprises. Merchants integrate its automated solution for B2B e-commerce on platforms like Amazon and eBay Kleinanzeigen, securing working capital through factoring. The service extends payment terms up to 90 days while handling credit checks and collections.

Nirvana is a DeFi protocol on the Parallel EVM blockchain enabling AI agents for autonomous trading, liquidity management, and financial product creation. The platform deploys on-chain AI frameworks optimizing capital efficiency through dynamic strategies in perpetual futures and lending markets.

Bitwise is a cryptocurrency asset manager offering investment products for retail and institutional clients. Its portfolio includes index funds tracking the top 10 or 20 digital assets, bitcoin and ethereum ETPs listed on Deutsche Börse, on-chain staking services, and separately managed accounts. The firm manages multi-strategy funds combining yield generation and alpha pursuits. Headquartered in San Francisco, California, Bitwise partners with custodians like Coinbase to provide regulated exposure since its founding in 2017.