Funders VC

@RapydGlobal joined Funders' portfolio 💼

Funders.vc participated in Rapyd’s Series F round alongside @TargetGlobalVC, @BlackRock, @generalcatalyst, @Fidelity and other leading investors.

Why we backed Rapyd:
▫️ World-class team with proven fintech scaling experience
▫️ Concrete unit economics tailor-made for the business model
▫️ Product is a category-defining global payments stack

Rapyd is setting a new standard for the global finance stack. And it's a true pleasure to be a part of their journey.

Started @WebSummit strong with a keynote on why Europe is falling behind in tech.

Two takeaways that stuck with us:

• Relatively low returns from European funds mean less capital goes into high-risk innovation.

• Rigid employment rules make failure expensive. In much of Europe, shutting down a failed project costs 2-3 years of salary per employee, so companies avoid taking bets.

The example that says it all: five R&D projects, one winner. In the US, the winner covers the four failures. In Germany, restructuring costs wipe out the profit.

At Funders, we invest globally, but we’re still betting on Europe, and our portfolio shows it. The talent is here. What it needs is more room to fail.

So, what about Lisbon this year?

The hunt continues🚀

Stablecoin supply moves in both directions.

New all-time highs on Ethereum:

• ethereum:0x68749665ff8d2d112fa859aa293f07a622782f38 (Tether Gold): $3.08B
• ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed (Ripple): $1.80B

Strong growth:

• $EURC (Circle): $528.5M
• $USDe (Ethena) on TON: $356.7M

New all-time lows:

• $EURS (Stasis) on Ethereum: $6.35M
• $AEUR (Anchored Coins) on BNB Chain: $24.6K
• $USR (Resolv) on Ethereum: $221.8K

Tokenized gold and dollar stablecoins keep growing.

In euro stablecoins, the market is consolidating around EURC as older euro stablecoins lose share.

Our November roadmap is now on the calendar 🗓

@HongKongFinTech has already opened the month for Funders VC, and the next stops are ahead.

Over the coming weeks, the team will keep moving across key events and meeting people building and backing new tech.

Plans can shift, dates can move, but we are looking forward to more in-person conversations this month.

To set up a meeting, DM us.

Moving to a new chain is one of the riskiest things a protocol can do 🧵

Users drop off, liquidity scatters, metrics fall, and some projects never recover.

@pactfinance went the other way.

Its move from @Celo to @Aptos carried over $1B in onchain credit, with the loan book intact.

That says a lot about how the migration was planned and executed.

Here is what changed after the move, and what still hasn’t.