What is Fold?
Fold operates at the intersection of fintech and cryptocurrency, developing a consumer platform that seamlessly blends conventional financial services with the utility of bitcoin. Users can earn, buy, save, and spend bitcoin through everyday financial activities, including card transactions, bill payments, and direct deposits. The company's unified mobile experience aims to demystify digital assets, making bitcoin accessible and practical for a broader audience. By integrating payment services, rewards programs, and cryptocurrency capabilities, Fold is pioneering a new approach to consumer finance and digital asset engagement.
How much funding has Fold raised?
Fold has raised a total of $283M across 3 funding rounds:
Series A
$13M
Debt
$20M
Stock/Share Issuance
$250M
Series A (2021): $13M with participation from M13, Craft Ventures, Slow Ventures, and Bessemer Venture Partners
Debt (2024): $20M led by ATW Partners
Stock/Share Issuance (2025): $250M, investors not publicly disclosed
Key Investors in Fold
M13
M13 is an early-stage venture capital firm focused on seed and Series A investments in visionary founders. The firm boasts a team of full-time operators dedicated to helping entrepreneurs scale their businesses efficiently and build category-defining software companies.
Craft Ventures
Craft Ventures is a venture firm focused on building great companies, particularly in the B2B technology sector. The firm is comprised of former founders and operators who provide valuable insights and access to senior talent for early-stage companies.
Bessemer Venture Partners
Bessemer Venture Partners (Bessemer) is a venture capital firm established in 1911, with offices in San Francisco, Redwood City, New York City, Boston, Israel, and India. It's headquarters is at Menlo Park, California, US.
What's next for Fold?
The recent major strategic investment signals a strong vote of confidence in Fold's business model and its potential for significant growth. This capital is expected to fuel further platform development, enhance user acquisition strategies, and potentially expand its market reach. Fold's focus on bridging conventional banking with digital asset adoption positions it to capitalize on the increasing mainstream interest in cryptocurrencies. The company's trajectory suggests a continued emphasis on innovation in payment solutions and bitcoin-centric financial products, aiming to solidify its position as a leader in the evolving fintech landscape.
See full Fold company page
