Fedi, an Austin, TX-based developer of community-empowering financial and data technology solutions, raised $17M in Series A financing.
The round, which brought the total amount raised to date to $21.21M, was led by Ego Death Capital, with participation from TBD, part of Block, Kingsway, Trammell Venture Partners, and Timechain.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Obi Nwosu, Fedi provides a federated operating system which empowers individuals to collaborate through “federations”—made up of friends, families, neighbours, nonprofit organisations, social clubs, businesses, conferences and other forms of community—to take control of their money, their data, and their digital lives while still protecting user privacy and autonomy.
The company is set to pre-launch an Alpha version of Fedi for builders later this month.
FinSMEs
04/05/2023