DeFi platform Exponential lands $14m


Exponential, a US DeFi investment platform, has secured $14m from a funding round led by investor Paradigm.

Also taking part in the round were Haun Ventures, FTX Ventures, Solana Ventures, Circle Ventures, Robot Ventures, Polygon, A* Capital, Global Founders Capital, Launchpad Capital and Norwest Venture Partners.

Alongside these companies were over 80 angel investors from companies like Wealthfront, Brex and Plaid.

Founded in 2021, Exponential is an investment platform that claims it makes it easy to discover, assess, and invest in DeFi yield opportunities. The firm believes that by simplifying DeFi investing, anyone can access high-yield opportunities previously reserved for banks.

The company has locations in San Francisco, California and Miami, Florida.

Exponential intends to use the funds to further expand operations and its development efforts.

Mercantile, an industry-specific credit card platform designed to meet the unique needs of small businesses, recently launched with $15m in Series A funding.

The Series A round was led by Index Ventures, with participation from seed investors First Round Capital, General Catalyst, SV Angel, Operator Partners, Box Group, and others.

The round sees the company’s total funding amount to $22m.

By creating customised credit card programmes based on industry-specific needs and partnering with leading industry organisations, Mercantile said it returns more relevant benefits and rewards to cardholders than any other card out there.

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