Totle, a crypto focused startup, just closed its Republic capital raise with $146,577, overfunding by 586%, but falling short of its ultimate $1,070,000 goal. Described as the “Kayak” of crypto, Totle provides a single API to access the leading decentralized exchanges and decentralized exchange protocols. Totle said it plans to use the funding to accelerate business development with new API partners.
“We plan to expand the on-boarding of new B2B partners and continue to build out our suite of decentralized exchange products and services available through our API.,” explained Totle CEO David Bleznak, who has already invested $500,000 to bootstrap Totle. “These features allow partners to focus on building their own businesses, while Totle focuses on providing optimal exchange functionality for them.”
With a mission to unlock opportunity for people to improve their standard of living through the application of distributed ledger technology, Totle’s current customers include crypto wallets, trading funds and DApps. The business model for Totle’s digital asset exchange is well established in the financial industry: there is a small transaction fee on each exchange through its platform.
“Totle’s competition includes centralized and decentralized exchanges. Centralized exchanges take control of user’s funds, charge high and hidden fees and pose regulatory risks,” according to the campaign. “The decentralized exchange (DEX) market suffers from significant fragmentation and complexity. Each DEX offers significantly less liquidity than Totle and no individual DEX offers price optimization across the entire DEX market. Totle solves the problems of individual DEX offerings by aggregating the liquidity provided by each of the leading DEXs and by hiding the complexity underlying each DEX integration, in a single, simple-to-use API.”
Update @TotleCrypto @joinrepublic campaign #Crowdfunding #decentralization #fintech
Since launching its beta product last year, Totle has expanded its suite by opening up the platform to B2B partners via its API and recently secured funding from blockchain industry institutional investors including Arrington XRP, NEO Global Capital and Goren Holm Ventures.
Live Republic raises include Sapient (which closes tomorrow), Trust & Will, PhunCoin, The Phluid Project, Fretch and Cloudastructure.
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