Veera Advances Cross-Chain Financial Services With Veera Card, FIS, And $10M Funding
Veera, a crypto-focused monetary providers platform, has secured $10 million by means of its pre-seed and seed funding rounds to advance product growth and develop world entry to on-chain monetary providers. The newest $4 million seed spherical included $2.8 million from CMCC Titan Fund and Sigma Capital, alongside strategic angel traders, following a $6 million pre-seed spherical in May 2024 led by sixth Man Ventures and Ayon Capital, with extra backing from Folius Ventures, Reflexive Capital, Sfermion, Cypher Capital, Accomplice, and The Operating Group.
Founded to bridge the hole between decentralized finance innovation and broader adoption, Veera is growing a mobile-first monetary working system that integrates main DeFi merchandise throughout a number of chains and belongings right into a single interface. The platform permits customers to earn, make investments, save, spend, and switch belongings seamlessly, eliminating the necessity to navigate a number of decentralized functions or handle blockchain complexity.
“We are centered on creating merchandise that individuals can really use,” stated Sukhdeep Bhogal, Co-Founder and CEO of Veera, in a written assertion. “While the single-click Cross-Chain Swaps and Multi-Chain, Multi-Asset Yields tackle poor UX and mixture one of the best alternatives within the DeFi area, the Veera Card is designed to increase on-chain belongings into on a regular basis spending, whereas our yield and financial savings infrastructure operates quietly within the background. It’s all about maintaining capital lively on-chain with out making the expertise sophisticated,” he added.
Veera Surpasses 2M Downloads And Expands DeFi Access With Mobile-First Platform And Veera Card
The agency formally launched its platform in January 2025 and has steadily launched new options since. The platform has surpassed 2 million downloads, helps over 300,000 multichain self-custody wallets, and has 70,000 holders of its RWA Gold Token (VGT). It data round 220,000 month-to-month lively customers and 20,000 every day lively customers, with engagement pushed by proof-of-human–verified interactions throughout actual transactions and companion decentralized functions (dApps). Veera now handles over 500,000 on-chain transactions per 30 days, demonstrating constant utilization somewhat than speculative buying and selling.
“By aggregating yields, staking, tokenized equities, tokenized real-world belongings, and extra right into a single interface, Veera is eradicating long-standing limitations between conventional finance and decentralized finance,” stated Vineet Budki, Founder and General Partner at Sigma Capital, in a written assertion. “The platform addresses core ache factors in crypto by means of seamless abstraction, frictionless onboarding, and clever aggregation,” he added.
Veera’s Financial Identity Score (FIS) is a privacy-focused, on-chain monetary profile created from verified KYC knowledge, platform exercise, and transaction historical past, serving as a central differentiator for the corporate. The rating adapts as customers have interaction with the ecosystem, granting enhanced entry to yields, lending phrases, and different monetary merchandise. Unlike standard credit score or identification programs, the FIS is owned by the person and operates with out dependence on exterior biometric frameworks.
“Decentralized finance stays fragmented, and poor person expertise continues to restrict mass adoption,” Shiau Sin Yen of CMCC Titan Fund stated in a written assertion. “Veera stands out by delivering a mobile-first tremendous app with an built-in pockets that simplifies how folks work together with crypto. We see vital upside in rising markets, the place customers are looking for sensible monetary instruments somewhat than hypothesis. We are happy to help the skilled founding workforce behind Veera, all of whom have demonstrated the power to scale merchandise successfully,” he added.
One of Veera’s latest developments is the launch of the Veera Card, which has already drawn over 30,000 customers to its waitlist. The card permits customers to spend on-chain belongings worldwide whereas retaining non-custodial management. With its newest funding, Veera plans to speed up its objective of onboarding 100 million customers to its monetary working system and to develop monetary inclusion, significantly in rising markets the place mobile-first platforms are sometimes the principle entry level to monetary providers.
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