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Donut
DeFi-based savings app
- 1-20 employees
- Fintech
- B2C
- Lending
- Blockchain
- Hollywood, Los Angeles, CA
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Company mission
Ever wondered why you get ~0.6% interest at your bank even though banks are worth billions? We did. Our generation needs better tools to achieve financial independence, so we created the easiest way to grow your wealth with DeFi, unlocking up to 8-10% APY.
Our take
In an era of historically low interest rates, traditional methods of making money off savings have ceased to become a viable option for many individuals looking to put their money to use. Many people earn less than 0.1% interest on their bank account, and are starting to get frustrated. Donut wants to change this. They believe that the future is in decentralised finance, AKA 'DeFi', a set of banking tools built on the Ethereum blockchain. This has raised much interest since the so-called "DeFi summer" of 2020, when it grew from one billion to $60 billion in assets, driven by an explosion of lending and borrowing protocols. Yet there is a problem: for many consumers, navigating this new world is overwhelming, difficult, and inaccessible.
Donut has set out to solve this. Their digital app lets anyone easily take advantage of high yield earning opportunities within DeFi's lending sector. Not requiring technical know-how, it is thus aimed at democratising lending on DeFi.
So far, Donut has looked really promising. Since the launch of its product in September 2020, the company’s user base and assets under management have seen 40% monthly growth. Following a large funding injection, Donut is now focusing on driving rapid user growth, as well as core product development.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- 🌍 Flexible remote work policy
- 💻 Custom equipment setup
- 🏖 Vacation days
- 💪 Company ownership
- 🎒 Company retreats
- 🏡 Coworking membership
- 👭 Working with diverse people
- 👩🏫 Personal development budget
- 🇺🇸 US / EU relocation
- 🧘 Wellness days
Company values
- Communicate & support
- Diversity is integrity
- Try, learn and develop
- Understand from first principles
- Always deliver
- Customer-first
Funding (last 2 of 4 rounds)
Jun 2021
$2m
SEED
Sep 2020
$0.9m
SEED
Total funding: $4.9m
This company has top investors
Leadership
Neel Popat
(CEO)Having studied at Harvard and LSE, Neel began his career in investment, working at the likes of Rothschild & Co, European Capital and Graphite Capital. He is also a fellow at On Deck.
Endorsements
All
Challenging work (1)
Tech & tools (1)
Nice people (1)
Amazing and challenging project. You're always on the top of the blade - cutting some new fancy technologies and DeFi protocols. You're facing some challenges never meet before as you will work something really new on the market
Software Engineering
Challenging work
Feb 2022
You have a complete freedom of how and using which tool you solve problems. You can test out any tool and then prove that we need it :) Also sometimes you are free to switch your focus from your main responsibilities and do something else - may it be dev-ops, server or client development.
Software Engineering
Tech & tools
Feb 2022
Everyone at the company is directly accessible and very helpful. You can reach out to anyone if you have some problems or something good to share :)
Software Engineering
Nice people
Feb 2022
