Former Revolut employees launch Solvo, an app that simplifies crypto investing
Summary
The two founders, Ayelen Denovitzer and Shailendra Sason, met while they were working for Revolut, in the crypto team, more specifically.Earlier this year, Solvo raised a $3.5 million seed round from Index Ventures with CoinFund and FJ Labs also participating. While you may have heard about DeFi (decentralized finance) and the ability to generate yield, accessing those products is even more complicated.When Solvo releases its app in October, users will be able to buy and sell tokens (obviously). You can also deposit and withdraw tokens from Solvo.The startup is also taking advantage of staking or DeFi products that generate yield by contributing to liquidity pools. Essentially, it works like those popular tokenized baskets, such as the DeFi Pulse Index or the Metaverse Index.Investing with Solvo will be simple, easy and understandable three words not associated with crypto. Solvo is meeting a clear need for investors today, offering products that are focused on high quality assets, that provide diverse exposure and reduced risk as well as an attractive yield.