Umoja, a pioneering smart money protocol, secured a $2 million extension to its initial seed funding round, pushing the total raised to $4 million, according to information shared with Finbold on March 19.
Spearheaded by Robby Greenfield, former Head of Social Impact at ConsenSys, Umoja boasts backing from prominent names like Coinbase, 500 Global, Quantstamp (QSP), and others.
Umoja’s mission
Prioritizing safety and returns, Umoja aims to transform digital investments.
Picks for you
At the core of Umoja’s mission is the democratization of wealth creation through Synths, the fundamental units of smart money.
The tokenized strategies, accessible through Umoja’s dApp, facilitate the development of innovative financial instruments such as delta-neutral stablecoins and hedged assets.
Addressing what it terms the “ROI Paywall,” Umoja seeks to provide accessible wealth-creation tools to billions who lack proven financial resources.
Umoja’s answer to DeFi
Despite retail investors holding a significant market share, institutional dominance often removes them from the spotlight due to restricted access to sophisticated investment tools.
Umoja sees itself as the answer to the unfulfilled promise of decentralized finance (DeFi), offering customizable solutions instead of rigid investment options.
With ambitions set on the projected $8.3 trillion asset management market by 2032, Umoja offers a user-friendly platform for navigating the complexities of digital assets.
By crafting investing strategies to meet individual risk tolerance levels, Umoja aims to guide investors through the volatile cryptocurrency markets while optimizing returns.
The social benefits of cryptocurrency
The recent injection of $2 million into Umoja’s seed funding underscores investor confidence in its mission to democratize wealth creation.
As the crypto industry experiences a surge marked by record-breaking highs for Bitcoin (BTC), Umoja seeks to help investors capitalize on this momentum.
Umoja CEO Robby Greenfield, known for his commitment to the societal benefits of cryptocurrency, is at the helm of Umoja’s efforts.
With a track record that includes pioneering stablecoin humanitarian aid programs and supporting workers in developing nations, Greenfield is determined to broaden access to smart money:
“Bitcoin paved the way for accessible money; Umoja is now leading the charge for accessible wealth creation by simplifying asset management. This marks the convergence of traditional finance and decentralized finance in a pivotal moment.”
— Umoja CEO Robby Greenfield
By democratizing asset management, the platform seeks to foster financial independence and contribute to global wealth redistribution.
