Umoja Closes $4M Seed Funding Round to Help Anyone Build Wealth Using Smart Money
Atlanta, GA, USA, March 19, 2024, Chainwire
Umoja, a pioneering smart money protocol, allows money to trade itself, protect against risks and optimize returns. In a significant development, Umoja has successfully closed a $2 million extension to its initial seed funding round, bringing the total amount raised in the round to $4 million. Led by Robby Greenfield, former Head of Social Impact at ConsenSys, Umoja is backed by Coinbase (NASDAQ 🙂, 500 Global, Quantstamp, Blockchain Founders Fund, Orange DAO, Hyperithm, Psalion, and Blizzard Fund, among others.
Umoja transforms wealth creation by leveraging 'synthesizers', the building blocks of smart money. These tokenized strategies, accessible through the Umoja dApp, more easily enable the creation of innovative financial instruments such as delta-neutral stablecoins (e.g. Ethena's USDe) and covered assets (e.g. downside-free ETH). Designed to minimize losses and increase profitability, Umoja's adaptive technology ensures safer, smarter digital investments.
Umoja aims to overcome what it calls the “ROI Paywall,” where more than 8 billion people lack access to proven wealth-building tools. Retail investors, despite having a market share of $7.2 trillion, are often sidelined by institutional players, who have exclusive access to powerful tools that guide their investment strategies. DeFi was meant to be the great equalizer for wealth creation, but has failed to achieve this vision, with platforms like Aave only offering limited, hard-coded investment options, rather than addressing the need for accessible and intelligent financial solutions.
Aiming to make its mark on the projected $8.3 trillion asset management market by 2032, the smart money protocol offers a simple way for investors to easily navigate digital assets. It tailors strategies to match individual risk tolerance, helping to safely navigate the choppy waters of the crypto markets and aiming to improve returns.
democratize wealth creation
Umoja's recent addition of $2 million in seed funding, announced in January, underscores investors' confidence in Umoja's mission to break down barriers to wealth creation. Launching at an opportune time, Umoja aims to empower investors to capitalize on the momentum of the crypto industry's bull market, marked by all-time highs.
Umoja's goal is to make wealth creation tools accessible to everyone, turning idle capital into smart, dynamic, self-improving assets. Demonstrating rapid progress, Umoja has seen its transaction volume skyrocket from $45,000 to over $1.5 million in six weeks.
Improving the social impact of cryptocurrencies
Robby Greenfield, CEO of Umoja, has been a key figure in harnessing the social benefits of cryptocurrencies. During his tenure as Head of Social Impact at ConsenSys, Greenfield co-led innovative initiatives, including the world's first stablecoin humanitarian aid program with Oxfam and facilitated the US State Department's inaugural crypto grant to support workers. of factories in developing countries. He also co-founded the Foundation's Devon Scholars program.
At Umoja, Greenfield is focused on achieving greater social impact by expanding access to “smart money.” Umoja aims to democratize sophisticated asset management, enabling widespread financial independence and contributing to the redistribution of global wealth.
“Bitcoin opened the door to accessible money; “Umoja is now paving the way for accessible wealth creation by making asset management as simple as holding the asset itself,” Greenfield explains. “This marks the pivotal moment where traditional finance and decentralized finance converge. “.
Get started today
There is no better time than the present to start building wealth, and Umoja invites users to subscribe to its protocol today. In line with its mission to transform today's financial landscape, Umoja is opening the door for anyone to become an early adopter by participating in its ongoing beta version. By connecting their digital wallet and running their first Synth, users will automatically be eligible for the imminent Umoja airdrop and help pioneer a smarter, safer, and more inclusive financial ecosystem.
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About Umoja
Umoja is the world's first smart money protocol, leveraging blockchain technology to enable anyone to create smart money. By integrating automated investment strategies into digital assets, Umoja allows tokens to trade themselves, hedge against market volatility, and optimize returns, making money work smarter for everyone.
ContactHead of GrowthKarima WilliamsUmoja[email protected]
This article was originally published on Chainwire.
