Ottr Finance is a new Web3 mobile crypto application based on Solana. Ottr has announced that it has raised $3.1 million in a pre-seed funding round led by Race Capital, with the participation of Circle Ventures, Slow Ventures and Kamal Ravikant. The company will use the proceeds from the pre-seed financing as part of its mission to expand to more than 100 countries.
Ottr offers simple and intuitive solutions that anyone with a phone can access in US dollars. With Ottr Finance, when a crypto user wants to transfer money, they will be able to send money without going through complicated steps. In addition, they promise that there will be no hassle such as setting up their own trusted wallets and storing seed statements.
“I originally invested based on the founder and his vision. In three months, he raised a round and built a top-tier team of alumni from CashApp, Lyft and Yandex. Their product execution and speed have been some of the best I’ve seen.” said angel investor and author Kamal Ravikant.
Ottr is a Solana-based self-surveillance crypto application. With Ottr, millions of users around the world can easily start using crypto without the complexity of staking, on-ramping, and gas fees.
About Race Capital
Race Capital is an early-stage venture fund focused on investing in exceptional founders who are building market-transforming companies in the data, enterprise, infrastructure, and fintech sectors. Their team includes Databricks, Solana, FTX, Agora.io, Consisting of seed investors in Zeet and many other large companies.