Veera completes $10 million funding, a mobile-first platform with over 2 million downloads

2026-01-16 10:20:12

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【Blockchain Rhythm】Singapore-based on-chain financial service provider Veera recently reached a key milestone in its funding round. On January 16, the platform announced it had raised $10 million, covering both the pre-seed and seed stages. Participating investors include Sigma Capital, CMCC Titan Fund, 6th Man Ventures, and Ayon Capital, making for a strong lineup.

This funding will primarily be directed toward product iteration and expanding the on-chain financial services landscape. Veera launched a new mobile-first platform in January this year, and its growth has been rapid — accumulating over 2 million downloads in a short period, with monthly active users surpassing 220,000. The platform supports self-custody wallets, allowing users to retain control of their assets, which is a plus for many.

More recently, Veera Card has opened a waitlist. The concept behind this card is quite interesting: enabling users to directly spend on-chain assets for global consumption. In other words, your crypto assets are not only stored in your wallet but can also be used in real life. This exploration of connecting on-chain and off-chain consumption scenarios is a highlight in the current Web3 financial competition.

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MonkeySeeMonkeyDo

· 4h ago

2 million downloads have raised 10 million, this conversion rate is really impressive.

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memecoin_therapy

· 4h ago

2 million downloads sounds impressive, but how many are truly active? 220,000 monthly active users sounds a bit questionable. Self-hosted wallets are a selling point, but users have to manage their private keys themselves, which beginners might easily mess up. The list of investors isn't particularly luxurious; we'll see how they continue to burn money in the future.

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DefiSecurityGuard

· 4h ago

hold up... 200万下载但月活才22万? that's a brutal retention rate ngl. and they're already burning through 10M? DYOR on those investor backgrounds tbh, sigma capital had some sketchy portfolio picks before. self-custody wallet is cool but where's the audit report? not seeing one linked anywhere which is... concerning. also what happens when they run out of runway in 18 months lol

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RegenRestorer

· 4h ago

2 million downloads, this data definitely raises a question—are these real daily active users or just playing with the numbers again?

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