Mobile DeFi App Donut Successfully Raised $2 Million

Recording another impressive performance on raising funds, Donut has has successfully raised a $2 million funding from Redalpine. Among the participants in the funding, Robert Leshner, founder of compound labs, was prominent as the well-known entrepreneur who participated in the process that led to the allotment of funds for future growth and development of Donut. With this $2 million in its kitty, the total amount of funding raised by the DeFi app now stands at $3.8 million.

The founder of the Donut, Neel Popat, said that very low-interest rates associated with conventional bank accounts are not acceptable by any standards. Using the DeFi platform, customers can earn a handsome reward in terms of financial benefits for their deposits. He emphasized the need for putting more time, money, and information to raise awareness about the segment. Specifically focusing on the utility of the app and easy options available on it, the founder said that thanks to the Donut app, prospective investors can access DeFi in more easily and conveniently.

There are many significant features available on the Donut and what makes it stand out is its easy-to-use interface. Irrespective of the investors’ knowledge regarding cryptocurrency, people can use the app and start investing to earn handsome reports on their deposits.

Commenting on the prospects of Donut in the coming time, Simon Leicht, a financial expert, said that Donut is specifically promising because it is sitting at the cusp of a revolution in the field of DeFi. By bringing together aspects of technology and finance and combining them with user-friendly technology, Donut is all set to rewrite history with its growth potential and promising future. The next stage of the growth will be fueled by such businesses, and Donut has taken over its rivals by bringing novel investment solutions for the customers easily.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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