Ryder Raises $1.2M in Funding
Summary
Backers included The round saw participation from Oak Grove Ventures, Muneeb Ali, SBX Capital, Bitcoin Frontier Fund, and others. Led by CEO Louise Ivan, Ryder provides a TapSafe recovery system, replacing the complicated seed-phrase process with a simple combination of hardware, mobile application and social circle. It brings a self-custody and empowers startups to embed digital assets into everyday life. The company also announced the launch of the Ryder One hardware wallet, introducing a new standard for Web3 self-custody that eliminates the complicated seed phrase process. Ryder’s launch partners included: • Alchemy Pay: serving as its strategic on-ramp and off-ramp partner • Polygon Labs: its collaboration will open up a world of possibilities for digital collectibles in real-world applications • Solana Foundation: Ryder will merge the new era of self-custody with the dynamic capabilities of Solana Pay • BNB Chain: Ryder will integrate BNB Chain’s Layer 2 opBNB to provide a more simple self-custody option to its 1.2million DAU